Tools commonly used in the Coral (Retail) industry for day-to-day tasks and operations.

• Coral cutters
• Coral fragging tools
• Aquarium water testing kits
• Coral glue
• Coral dip
• Coral food
• Aquarium heaters
• Aquarium pumps
• Aquarium lighting
• Water filtration systems

Common products and services typical of NAICS Code 459420-06, illustrating the main business activities and contributions to the market.

• Coral jewelry
• Coral sculptures
• Coral home decor
• Live coral
• Seashells
• Starfish
• Sea urchins
• Aquariums
• Aquarium accessories
• Marine life art

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Marine Aquarium Council (MAC) Certification: The MAC certification is a voluntary certification program that ensures that the coral and other marine organisms sold in the industry are sustainably harvested and traded. The certification is provided by the Marine Aquarium Council.
• CITES Permit: The Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) is an international agreement that regulates the trade of endangered species. Coral is listed under CITES Appendix II, which means that a CITES permit is required for the import and export of coral. The permit is provided by the U.S. Fish and Wildlife Service.
• National Marine Fisheries Service (NMFS) Permit: The NMFS permit is required for the import and export of live coral and other marine organisms. The permit is provided by the National Oceanic and Atmospheric Administration (NOAA).
• State Business License: A state business license is required for all businesses operating in the United States. The requirements for obtaining a business license vary by state.
• Sales Tax Permit: A sales tax permit is required for businesses that sell goods or products directly to consumers. The requirements for obtaining a sales tax permit vary by state.

A concise historical narrative of NAICS Code 459420-06 covering global milestones and recent developments within the United States.

• The coral industry has a long history dating back to ancient times when coral was used for jewelry and decorative purposes. In the 19th century, coral became a popular souvenir for tourists visiting coastal areas. In the United States, the coral industry experienced a boom in the 1950s and 1960s when coral jewelry became a popular fashion accessory. However, due to concerns over the sustainability of coral harvesting, the industry has faced challenges in recent years. In response, many coral retailers have shifted towards selling synthetic coral products or other sustainable alternatives.

The anticipated future trajectory of the NAICS 459420-06 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for the Coral (Retail) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for coral products in the home decor and fashion industries. The industry is also expected to benefit from the growing trend of sustainable and eco-friendly products. However, the industry may face challenges due to the regulations on the harvesting and trade of coral products. Overall, the industry is expected to grow steadily in the coming years.

Recent groundbreaking advancements and milestones in the Coral (Retail) industry, reflecting notable innovations that have reshaped its landscape.

• Coral-Based Skincare Products: Coral is known for its anti-inflammatory and anti-aging properties, and several companies have started using coral extracts in their skincare products.
• Coral-Inspired Jewelry: Jewelry designers are using coral-inspired designs in their collections, creating unique and beautiful pieces.
• Coral Reef Restoration: Several organizations are working on coral reef restoration projects, using innovative techniques to restore damaged reefs and protect marine life.
• Coral Aquariums: Coral aquariums are becoming increasingly popular among hobbyists, and several companies are offering innovative products and services to cater to this market.
• Coral-Themed Home Decor: Coral-inspired home decor items, such as lamps, wall art, and sculptures, are gaining popularity among interior designers and homeowners.