NAICS Code 493190-16 - Hazardous Materials-Packing & Storage

Marketing Level - NAICS 8-Digit

Use Data For:

  • Direct Mailing
  • Emailing
  • Calling
  • Research

Includes Free Sample & Industry Report

Total Companies

6

100% Phone-Verified, NCOA Processed, Accurate Data

NAICS Code 493190-16 Description (8-Digit)

Hazardous Materials-Packing & Storage is a subdivision of the NAICS Code 493190, which involves the storage and handling of hazardous materials. This industry is responsible for the safe and secure storage of hazardous materials, including chemicals, flammable liquids, and radioactive materials. The industry also involves the packing and transportation of hazardous materials to ensure that they are transported safely and securely. The Hazardous Materials-Packing & Storage industry is highly regulated by government agencies to ensure that all safety standards are met. Companies operating in this industry must comply with strict regulations and guidelines to ensure that hazardous materials are stored and transported safely. The industry involves a range of activities, including the packing and labeling of hazardous materials, the storage of hazardous materials in secure facilities, and the transportation of hazardous materials to their final destination. Companies in this industry must have specialized equipment and trained personnel to handle hazardous materials safely.

Hierarchy Navigation for NAICS Code 493190-16

Parent Code (less specific)

Tools

Tools commonly used in the Hazardous Materials-Packing & Storage industry for day-to-day tasks and operations.

  • Hazardous material storage cabinets
  • Spill containment pallets
  • Drum handling equipment
  • Chemical resistant gloves
  • Respirators
  • Safety goggles
  • Hazardous material labels
  • Fire extinguishers
  • Hazardous waste disposal bags
  • Safety showers and eyewash stations

Industry Examples of Hazardous Materials-Packing & Storage

Common products and services typical of NAICS Code 493190-16, illustrating the main business activities and contributions to the market.

  • Chemical storage
  • Radioactive material storage
  • Flammable liquid storage
  • Hazardous waste storage
  • Explosive material storage
  • Pesticide storage
  • Medical waste storage
  • Asbestos storage
  • Oil spill containment storage
  • Acid storage

Certifications, Compliance and Licenses for NAICS Code 493190-16 - Hazardous Materials-Packing & Storage

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

  • Hazardous Materials Endorsement (HME): A certification required by the Transportation Security Administration (TSA) for commercial drivers who transport hazardous materials. The certification ensures that drivers are aware of the risks associated with transporting hazardous materials and are trained to handle them safely. More information can be found on the TSA website:
  • Hazardous Waste Operations and Emergency Response (HAZWOPER): A certification required by the Occupational Safety and Health Administration (OSHA) for workers who handle hazardous materials. The certification ensures that workers are trained to handle hazardous materials safely and respond to emergencies. More information can be found on the OSHA website:
  • Resource Conservation and Recovery Act (RCRA) Training: A certification required by the Environmental Protection Agency (EPA) for workers who handle hazardous waste. The certification ensures that workers are trained to handle hazardous waste safely and comply with EPA regulations. More information can be found on the EPA website:
  • International Air Transport Association (IATA) Dangerous Goods Regulations: A certification required for companies that transport hazardous materials by air. The certification ensures that companies comply with international regulations for the safe transport of hazardous materials by air. More information can be found on the IATA website:
  • Code Of Federal Regulations (CFR) Title 49, Parts 100-185: A set of regulations issued by the Department of Transportation (DOT) that govern the transportation of hazardous materials in the United States. Compliance with these regulations is required for companies that transport hazardous materials. More information can be found on the DOT website:

History

A concise historical narrative of NAICS Code 493190-16 covering global milestones and recent developments within the United States.

  • The hazardous materials-packing and storage industry has been around for centuries, with the earliest known examples of hazardous materials storage dating back to ancient civilizations such as the Greeks and Romans. However, it wasn't until the 20th century that the industry began to take shape in its modern form. In the United States, the industry saw significant growth during the 1960s and 1970s, as the government began to regulate the handling and storage of hazardous materials. Since then, the industry has continued to evolve, with advancements in technology and safety protocols leading to safer and more efficient storage and transportation of hazardous materials.

Future Outlook for Hazardous Materials-Packing & Storage

The anticipated future trajectory of the NAICS 493190-16 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The hazardous materials-packing and storage industry in the USA is expected to grow in the coming years due to the increasing demand for safe and secure storage of hazardous materials. The industry is expected to benefit from the growth of the chemical and pharmaceutical industries, which are the major end-users of hazardous materials. The increasing focus on environmental safety and regulations is also expected to drive the growth of the industry. However, the industry is also expected to face challenges such as increasing competition, rising costs, and stringent regulations. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 493190-16

Recent groundbreaking advancements and milestones in the Hazardous Materials-Packing & Storage industry, reflecting notable innovations that have reshaped its landscape.

  • Automated Storage and Retrieval Systems: These systems use robots and other automated equipment to store and retrieve hazardous materials, reducing the risk of accidents and improving efficiency.
  • RFID Tracking Systems: These systems use radio frequency identification technology to track hazardous materials throughout the supply chain, improving visibility and reducing the risk of loss or theft.
  • Hazardous Waste Treatment Facilities: These facilities use advanced technologies to safely and efficiently treat hazardous waste, reducing the environmental impact of hazardous materials.
  • Mobile Storage Units: These units are designed to transport hazardous materials safely and securely, reducing the risk of accidents during transportation.
  • Hazardous Materials Training Programs: These programs provide training to workers on the safe handling and storage of hazardous materials, reducing the risk of accidents and improving safety in the workplace.

Required Materials or Services for Hazardous Materials-Packing & Storage

This section provides an extensive list of essential materials, equipment and services that are integral to the daily operations and success of the Hazardous Materials-Packing & Storage industry. It highlights the primary inputs that Hazardous Materials-Packing & Storage professionals rely on to perform their core tasks effectively, offering a valuable resource for understanding the critical components that drive industry activities.

Equipment

Emergency Showers and Eyewash Stations: Safety equipment installed in storage facilities to provide immediate decontamination for workers exposed to hazardous materials.

Forklifts with Hazardous Material Attachments: Forklifts equipped with specialized attachments for safely moving hazardous materials within storage facilities, enhancing operational efficiency.

Labeling Machines: Machines that automate the labeling process for hazardous materials, ensuring accuracy and compliance with regulatory requirements.

Personal Protective Equipment (PPE): Essential gear such as gloves, goggles, and respirators that protect workers from exposure to hazardous materials during handling and storage.

Safety Data Sheets (SDS): Documents that provide detailed information about the properties of hazardous materials, including handling, storage, and emergency measures.

Spill Containment Kits: Kits that include absorbent materials and tools necessary for quickly responding to spills of hazardous materials, preventing contamination and ensuring safety.

Temperature-Controlled Storage Units: Storage units that maintain specific temperature ranges for sensitive hazardous materials, ensuring their stability and safety.

Ventilated Storage Cabinets: Cabinets designed to provide proper ventilation for the storage of flammable or toxic materials, reducing the risk of fire and exposure.

Material

Absorbent Pads and Booms: Materials used to contain and absorb spills of hazardous liquids, essential for maintaining a safe and clean working environment.

Chemical Storage Containers: Specialized containers designed to safely store hazardous materials, preventing leaks and ensuring compliance with safety standards.

Fire Extinguishers for Hazardous Materials: Fire extinguishers specifically designed to combat fires involving hazardous materials, crucial for maintaining safety in storage facilities.

Hazardous Material Labels: Labels that provide critical information about the contents of hazardous material containers, ensuring proper handling and compliance with safety regulations.

Hazardous Material Transport Containers: Containers specifically designed for the safe transport of hazardous materials, ensuring compliance with transportation regulations.

Secondary Containment Systems: Systems designed to contain leaks or spills from primary containers, providing an additional layer of protection against environmental contamination.

Service

Emergency Response Planning Services: Services that help organizations develop and implement emergency response plans for incidents involving hazardous materials, ensuring preparedness.

Environmental Monitoring Services: Services that monitor air and water quality around hazardous material storage sites to ensure compliance with environmental regulations.

Hazardous Waste Disposal Services: Specialized services that ensure the safe and compliant disposal of hazardous waste, minimizing environmental impact and adhering to legal requirements.

Incident Investigation Services: Services that investigate incidents involving hazardous materials to identify causes and prevent future occurrences, enhancing workplace safety.

Regulatory Compliance Consulting: Consulting services that assist businesses in understanding and complying with regulations related to the storage and handling of hazardous materials.

Training Programs for Hazardous Material Handling: Educational programs that provide employees with the knowledge and skills necessary to safely handle and store hazardous materials.

Products and Services Supplied by NAICS Code 493190-16

Explore a detailed compilation of the unique products and services offered by the Hazardous Materials-Packing & Storage industry. This section provides precise examples of how each item is utilized, showcasing the diverse capabilities and contributions of the Hazardous Materials-Packing & Storage to its clients and markets. This section provides an extensive list of essential materials, equipment and services that are integral to the daily operations and success of the Hazardous Materials-Packing & Storage industry. It highlights the primary inputs that Hazardous Materials-Packing & Storage professionals rely on to perform their core tasks effectively, offering a valuable resource for understanding the critical components that drive industry activities.

Service

Emergency Response Planning: This service involves creating comprehensive plans for responding to hazardous material incidents. It includes training personnel on emergency procedures, ensuring that they are prepared to handle spills or leaks effectively, which is crucial for minimizing risks to health and safety.

Hazardous Material Labeling: Labeling services are crucial for identifying hazardous materials. This includes applying labels that comply with OSHA and DOT regulations, providing essential information about the contents, handling instructions, and emergency response measures, which are vital for safety during storage and transportation.

Hazardous Material Packaging: This service involves the careful packing of hazardous materials using specialized containers that meet regulatory standards. It ensures that materials such as chemicals and flammable liquids are securely contained for safe transport, minimizing the risk of leaks or spills during transit.

Secure Storage Facilities: Facilities designed specifically for the safe storage of hazardous materials are equipped with advanced security systems and environmental controls. These secure locations ensure that materials are stored in compliance with safety regulations, protecting both the environment and public health.

Training for Hazardous Material Handling: Training programs are essential for educating employees on the safe handling of hazardous materials. These programs cover topics such as proper storage techniques, emergency response, and regulatory compliance, ensuring that workers are knowledgeable and prepared.

Transportation of Hazardous Materials: This service encompasses the safe transport of hazardous materials from one location to another. It involves adhering to strict regulations and using specialized vehicles equipped to handle dangerous goods, ensuring compliance and safety throughout the transportation process.

Equipment

Chemical Storage Cabinets: These specialized cabinets are designed to safely store chemicals and hazardous materials. They are constructed from materials that resist corrosion and are equipped with features such as ventilation and secondary containment, ensuring that stored substances are secure and compliant with safety standards.

Personal Protective Equipment (PPE): PPE such as gloves, goggles, and respirators are essential for workers handling hazardous materials. These items protect individuals from exposure to harmful substances, ensuring their safety while performing tasks related to packing, storage, and transportation.

Spill Containment Kits: These kits are vital for managing spills of hazardous materials. They include absorbent materials, containment barriers, and disposal bags, enabling quick and effective response to leaks, thereby minimizing environmental impact and ensuring compliance with safety regulations.

UN Certified Containers: These containers are designed to safely store and transport hazardous materials. They are built to meet United Nations standards, ensuring that they can withstand various conditions while preventing leaks and spills, making them essential for industries handling dangerous goods.

Comprehensive PESTLE Analysis for Hazardous Materials-Packing & Storage

A thorough examination of the Hazardous Materials-Packing & Storage industry’s external dynamics, focusing on the political, economic, social, technological, legal, and environmental factors that shape its operations and strategic direction.

Political Factors

  • Regulatory Oversight

    Description: The hazardous materials-packing and storage industry is heavily influenced by regulatory oversight from agencies such as the Environmental Protection Agency (EPA) and the Occupational Safety and Health Administration (OSHA). Recent updates to regulations have increased the compliance burden on companies, requiring more stringent safety and environmental protocols.

    Impact: Increased regulatory oversight can lead to higher operational costs as companies must invest in compliance measures, training, and safety equipment. Non-compliance can result in severe penalties, including fines and operational shutdowns, affecting overall business viability and stakeholder trust.

    Trend Analysis: Historically, regulatory oversight has intensified in response to environmental disasters and safety incidents. The current trend is towards even stricter regulations, driven by heightened public awareness and advocacy for environmental protection. Future predictions suggest that this trend will continue, with a high level of certainty regarding its impact on operational practices.

    Trend: Increasing
    Relevance: High
  • Government Funding for Safety Initiatives

    Description: Government funding aimed at improving safety standards and emergency preparedness in the hazardous materials sector has become increasingly relevant. Recent initiatives have focused on enhancing training programs and safety technologies for handling hazardous materials.

    Impact: Access to government funding can alleviate some financial burdens on companies, enabling them to invest in safety improvements and training. This can enhance operational efficiency and reduce the risk of accidents, positively impacting the industry's reputation and stakeholder confidence.

    Trend Analysis: The trend of increasing government support for safety initiatives has been observed over the past few years, particularly following high-profile incidents involving hazardous materials. The certainty of this trend is medium, influenced by political priorities and public safety concerns.

    Trend: Increasing
    Relevance: Medium

Economic Factors

  • Cost of Compliance

    Description: The economic landscape for hazardous materials-packing and storage is significantly affected by the costs associated with compliance to safety and environmental regulations. These costs can include investments in specialized equipment, training, and facility upgrades to meet regulatory standards.

    Impact: High compliance costs can squeeze profit margins, particularly for smaller operators who may lack the resources to absorb these expenses. Companies must balance compliance with competitive pricing, which can lead to operational challenges and potential market exit for less resilient firms.

    Trend Analysis: Compliance costs have steadily increased over the past decade, driven by evolving regulations and enforcement practices. The trend is expected to continue, with a high level of certainty regarding its impact on operational budgets and pricing strategies.

    Trend: Increasing
    Relevance: High
  • Market Demand for Safe Handling Solutions

    Description: There is a growing market demand for safe handling and storage solutions for hazardous materials, driven by industries such as pharmaceuticals, chemicals, and energy. This demand is influenced by heightened awareness of safety and environmental risks associated with hazardous materials.

    Impact: Increased demand for safe handling solutions presents opportunities for growth and innovation within the industry. Companies that can offer advanced safety technologies and services may gain a competitive edge, while those that fail to adapt may lose market share.

    Trend Analysis: The trend towards prioritizing safety in hazardous materials management has been on the rise, particularly in light of recent incidents and regulatory changes. The certainty of this trend is high, as industries continue to prioritize risk management and safety compliance.

    Trend: Increasing
    Relevance: High

Social Factors

  • Public Awareness of Environmental Risks

    Description: Public awareness regarding the environmental risks associated with hazardous materials has increased significantly. This awareness is driven by media coverage of accidents and environmental disasters, leading to greater scrutiny of companies in the industry.

    Impact: Increased public scrutiny can lead to heightened expectations for transparency and safety from companies. Organizations that proactively engage with the community and demonstrate commitment to safety and environmental stewardship can enhance their reputation and customer loyalty.

    Trend Analysis: The trend of rising public awareness has been consistent over the past few years, with a strong trajectory expected to continue. The certainty of this trend is high, influenced by ongoing media coverage and advocacy efforts focused on environmental protection.

    Trend: Increasing
    Relevance: High
  • Workforce Safety Culture

    Description: The culture of safety within the workforce is critical in the hazardous materials-packing and storage industry. Companies are increasingly focusing on fostering a strong safety culture to prevent accidents and ensure compliance with regulations.

    Impact: A robust safety culture can lead to lower accident rates and improved employee morale, which in turn enhances operational efficiency. Conversely, a weak safety culture can result in higher incident rates, increased costs, and potential legal liabilities.

    Trend Analysis: The emphasis on safety culture has been growing, particularly following incidents that highlight the consequences of neglecting safety protocols. The trend is expected to continue, with a high level of certainty regarding its importance in shaping operational practices.

    Trend: Increasing
    Relevance: High

Technological Factors

  • Advancements in Safety Technologies

    Description: Technological advancements in safety equipment and monitoring systems are transforming the hazardous materials-packing and storage industry. Innovations such as real-time monitoring systems and automated safety protocols are becoming more prevalent.

    Impact: Investing in advanced safety technologies can significantly reduce the risk of accidents and enhance compliance with regulations. Companies that adopt these technologies can improve operational efficiency and reduce liability, providing a competitive advantage in the market.

    Trend Analysis: The trend towards adopting advanced safety technologies has been accelerating, driven by the need for improved safety and compliance. The level of certainty regarding this trend is high, as technological innovations continue to emerge and gain traction within the industry.

    Trend: Increasing
    Relevance: High
  • Digital Transformation in Logistics

    Description: The digital transformation of logistics and supply chain management is impacting the hazardous materials-packing and storage industry. Technologies such as blockchain and IoT are being utilized to enhance tracking and safety in the handling of hazardous materials.

    Impact: Digital transformation can lead to improved efficiency and transparency in operations, allowing companies to better manage risks associated with hazardous materials. However, the initial investment in technology can be substantial, posing challenges for smaller operators.

    Trend Analysis: The trend of digital transformation in logistics has been steadily increasing, with predictions indicating continued growth as companies seek to enhance operational efficiency. The level of certainty regarding this trend is high, influenced by technological advancements and market demands for greater transparency.

    Trend: Increasing
    Relevance: High

Legal Factors

  • Compliance with Environmental Regulations

    Description: Compliance with environmental regulations is a critical legal factor for the hazardous materials-packing and storage industry. Recent regulatory changes have imposed stricter requirements for waste management and emissions control.

    Impact: Failure to comply with environmental regulations can result in significant legal penalties, including fines and operational shutdowns. Companies must invest in compliance measures to mitigate legal risks, which can impact overall operational costs and profitability.

    Trend Analysis: The trend towards stricter environmental regulations has been increasing, with a high level of certainty regarding its impact on the industry. This trend is driven by growing public concern for environmental protection and sustainability.

    Trend: Increasing
    Relevance: High
  • Liability and Insurance Requirements

    Description: Liability and insurance requirements are critical legal considerations for companies in the hazardous materials-packing and storage industry. The need for comprehensive insurance coverage to protect against potential accidents and environmental damage is paramount.

    Impact: High liability and insurance costs can strain operational budgets, particularly for smaller companies. Companies must ensure adequate coverage to protect against potential legal claims, which can impact financial stability and operational flexibility.

    Trend Analysis: The trend of increasing liability and insurance requirements has been observed, driven by heightened awareness of risks associated with hazardous materials. The level of certainty regarding this trend is high, as regulatory and market pressures continue to evolve.

    Trend: Increasing
    Relevance: High

Economical Factors

  • Impact of Climate Change

    Description: Climate change poses significant challenges for the hazardous materials-packing and storage industry, affecting the stability of storage facilities and the safety of hazardous materials. Increased frequency of extreme weather events can disrupt operations and pose risks to safety.

    Impact: The effects of climate change can lead to increased operational costs and risks, necessitating investments in infrastructure and safety measures. Companies may need to adapt their operations to mitigate these risks, impacting long-term sustainability and profitability.

    Trend Analysis: The trend of climate change impacts is increasing, with a high level of certainty regarding its effects on various industries, including hazardous materials management. This trend is driven by scientific consensus and observable changes in weather patterns, necessitating proactive measures from industry stakeholders.

    Trend: Increasing
    Relevance: High
  • Sustainability Practices in Operations

    Description: There is a growing emphasis on sustainability practices within the hazardous materials-packing and storage industry, driven by regulatory pressures and public demand for environmentally responsible operations. This includes waste reduction and energy-efficient practices.

    Impact: Adopting sustainable practices can enhance a company's reputation and align with consumer expectations, potentially leading to increased business opportunities. However, transitioning to sustainable operations may involve significant upfront costs and operational changes, which can be challenging for some companies.

    Trend Analysis: The trend towards sustainability in operations has been steadily increasing, with a high level of certainty regarding its future trajectory. This shift is supported by regulatory changes and growing consumer advocacy for environmentally responsible practices.

    Trend: Increasing
    Relevance: High

Value Chain Analysis for NAICS 493190-16

An in-depth look at the Hazardous Materials-Packing & Storage industry's value chain, highlighting its role, key activities, and efficiency strategies, along with its unique value drivers and competitive strengths.

Value Chain Position

Category: Service Provider
Value Stage: Intermediate
Description: This industry operates as a service provider within the logistics sector, focusing on the safe storage and handling of hazardous materials. It ensures compliance with regulations and provides essential services for the secure transport and management of hazardous substances.

Upstream Industries

  • Support Activities for Animal Production- NAICS 115210
    Importance: Important
    Description: Companies in hazardous materials packing and storage rely on support activities that provide specialized equipment and services for handling hazardous materials. These inputs are critical for maintaining safety and compliance during storage and transportation.
  • Support Activities for Oil and Gas Operations - NAICS 213112
    Importance: Critical
    Description: The industry depends on support activities that facilitate the safe handling of hazardous materials associated with oil and gas operations. These services provide essential safety equipment and protocols that are vital for managing risks.
  • Support Activities for Metal Mining - NAICS 213114
    Importance: Important
    Description: Support activities in metal mining supply necessary materials and equipment for the safe storage of hazardous substances. Their contributions are crucial for ensuring that hazardous materials are stored in compliance with safety regulations.

Downstream Industries

  • Petrochemical Manufacturing- NAICS 325110
    Importance: Critical
    Description: Chemical manufacturers utilize the services of hazardous materials packing and storage to ensure that their products are stored and transported safely. The quality of storage directly impacts the integrity and safety of the chemicals produced.
  • Pharmaceutical Preparation Manufacturing - NAICS 325412
    Importance: Important
    Description: Pharmaceutical companies rely on this industry for the safe storage of hazardous materials used in drug production. The industry ensures compliance with health regulations, which is essential for maintaining product safety and efficacy.
  • Government Procurement
    Importance: Critical
    Description: Government agencies often require hazardous materials packing and storage services for various projects. The industry provides essential support to ensure that hazardous materials are managed in accordance with strict regulatory standards.

Primary Activities

Inbound Logistics: Receiving hazardous materials involves strict protocols for inspection and documentation to ensure compliance with safety regulations. Storage practices include using specialized containers and facilities designed to minimize risks. Quality control measures focus on regular inspections and adherence to safety standards, while challenges such as contamination risks are addressed through rigorous training and safety protocols.

Operations: Core processes include the packing, labeling, and secure storage of hazardous materials. Quality management practices involve continuous monitoring and adherence to regulatory standards. Industry-standard procedures include the use of safety data sheets (SDS) and compliance with OSHA regulations to ensure safe handling and storage of hazardous substances.

Outbound Logistics: Distribution methods involve carefully planned transportation routes and vehicles equipped for hazardous materials. Quality preservation during delivery is ensured through temperature control and secure packaging. Common practices include real-time tracking of shipments to maintain safety and compliance throughout the transport process.

Marketing & Sales: Marketing approaches often focus on building relationships with industries that require hazardous materials management, emphasizing safety and compliance. Customer relationship practices include regular communication and feedback mechanisms to ensure service quality. Sales processes typically involve consultations to understand specific customer needs and regulatory requirements.

Support Activities

Infrastructure: Management systems in this industry include compliance tracking software that helps monitor adherence to safety regulations. Organizational structures often consist of specialized teams focused on safety and compliance, ensuring that all operations meet industry standards. Planning systems are crucial for scheduling storage and transportation activities effectively.

Human Resource Management: Workforce requirements include trained personnel with expertise in hazardous materials handling and safety protocols. Development approaches involve ongoing training programs to keep staff updated on regulatory changes and safety practices. Industry-specific skills include knowledge of chemical properties and emergency response procedures.

Technology Development: Key technologies include advanced monitoring systems for storage facilities and transportation vehicles. Innovation practices focus on developing safer packaging materials and methods for hazardous materials. Industry-standard systems often involve automated compliance reporting tools to streamline regulatory adherence.

Procurement: Sourcing strategies involve establishing relationships with suppliers of specialized packaging materials and safety equipment. Supplier relationship management is crucial for ensuring timely delivery of quality inputs, while purchasing practices emphasize compliance with safety standards.

Value Chain Efficiency

Process Efficiency: Operational effectiveness is measured through compliance rates and incident reduction. Common efficiency measures include tracking storage capacity and turnover rates to optimize space utilization. Industry benchmarks are established based on safety performance and regulatory compliance metrics.

Integration Efficiency: Coordination methods involve regular communication between storage facilities, transportation providers, and regulatory agencies to ensure alignment on safety protocols. Communication systems often include digital platforms for real-time updates on inventory and compliance status.

Resource Utilization: Resource management practices focus on optimizing storage space and minimizing waste through efficient packing methods. Optimization approaches may involve implementing lean management techniques to enhance operational efficiency while adhering to industry standards.

Value Chain Summary

Key Value Drivers: Primary sources of value creation include adherence to safety regulations, efficient handling of hazardous materials, and strong relationships with regulatory bodies. Critical success factors involve maintaining high safety standards and ensuring compliance with industry regulations.

Competitive Position: Sources of competitive advantage include specialized expertise in hazardous materials management and established relationships with key industries. Industry positioning is influenced by regulatory compliance and the ability to provide reliable and safe storage solutions, impacting market dynamics.

Challenges & Opportunities: Current industry challenges include evolving regulations, the need for continuous training, and the management of hazardous materials in a safe manner. Future trends may involve increased demand for sustainable practices and innovations in safety technology, presenting opportunities for growth and enhanced service offerings.

SWOT Analysis for NAICS 493190-16 - Hazardous Materials-Packing & Storage

A focused SWOT analysis that examines the strengths, weaknesses, opportunities, and threats facing the Hazardous Materials-Packing & Storage industry within the US market. This section provides insights into current conditions, strategic interactions, and future growth potential.

Strengths

Industry Infrastructure and Resources: The industry benefits from robust infrastructure, including specialized storage facilities and transportation networks designed to handle hazardous materials safely. This strong infrastructure is crucial for compliance with safety regulations and enhances operational efficiency, allowing companies to respond effectively to customer needs.

Technological Capabilities: Advanced technologies in monitoring and handling hazardous materials provide significant advantages. The industry is characterized by a moderate level of innovation, with companies utilizing state-of-the-art equipment for safe storage and transportation, ensuring compliance with stringent regulations and enhancing operational safety.

Market Position: The industry holds a strong position within the logistics sector, driven by increasing demand for safe handling and storage of hazardous materials. Companies that have established a reputation for reliability and compliance enjoy a competitive edge, although they face pressure from emerging players.

Financial Health: Financial performance across the industry is generally strong, with many companies reporting stable revenue growth driven by consistent demand for hazardous materials management services. However, fluctuations in regulatory compliance costs can impact profitability, necessitating careful financial management.

Supply Chain Advantages: The industry benefits from well-established supply chain networks that facilitate the safe procurement and distribution of hazardous materials. Strong relationships with regulatory bodies and logistics partners enhance operational efficiency, ensuring timely delivery while adhering to safety standards.

Workforce Expertise: The labor force in this industry is highly skilled, with specialized training in hazardous materials handling and safety protocols. This expertise is essential for maintaining high safety standards and operational efficiency, although ongoing training is necessary to keep pace with evolving regulations and technologies.

Weaknesses

Structural Inefficiencies: Some companies face structural inefficiencies due to outdated facilities or inadequate safety measures, leading to increased operational risks and costs. These inefficiencies can hinder competitiveness, particularly when compared to more modernized operations that prioritize safety and compliance.

Cost Structures: The industry grapples with rising costs associated with compliance, insurance, and specialized equipment. These cost pressures can squeeze profit margins, necessitating careful management of pricing strategies and operational efficiencies to maintain competitiveness.

Technology Gaps: While some companies are technologically advanced, others lag in adopting new safety and monitoring technologies. This gap can result in lower operational efficiency and increased risk of non-compliance, impacting overall competitiveness in the market.

Resource Limitations: The industry is vulnerable to fluctuations in the availability of skilled labor and specialized equipment, which can disrupt operations and impact service delivery. These resource limitations can hinder growth and operational efficiency.

Regulatory Compliance Issues: Navigating the complex landscape of hazardous materials regulations poses challenges for many companies. Compliance costs can be significant, and failure to meet regulatory standards can lead to penalties and reputational damage.

Market Access Barriers: Entering new markets can be challenging due to stringent regulatory requirements and established competition. Companies may face difficulties in gaining necessary certifications or meeting local regulations, limiting growth opportunities.

Opportunities

Market Growth Potential: There is significant potential for market growth driven by increasing regulatory scrutiny and demand for safe hazardous materials management. The trend towards stricter environmental regulations presents opportunities for companies to expand their services and capture new market segments.

Emerging Technologies: Advancements in safety technologies, such as automated monitoring systems and improved packaging solutions, offer opportunities for enhancing operational efficiency and safety. These technologies can lead to reduced risks and improved compliance with regulations.

Economic Trends: Favorable economic conditions, including increased industrial activity and infrastructure development, support growth in the hazardous materials management sector. As industries expand, the demand for safe storage and transportation of hazardous materials is expected to rise.

Regulatory Changes: Potential regulatory changes aimed at enhancing safety and environmental protection could benefit the industry. Companies that proactively adapt to these changes by improving safety measures may gain a competitive edge.

Consumer Behavior Shifts: Shifts in consumer preferences towards sustainability and safety create opportunities for growth. Companies that align their services with these trends can attract a broader customer base and enhance brand loyalty.

Threats

Competitive Pressures: Intense competition from both established players and new entrants poses a significant threat to market share. Companies must continuously innovate and differentiate their services to maintain a competitive edge in a crowded marketplace.

Economic Uncertainties: Economic fluctuations, including downturns in industrial activity, can impact demand for hazardous materials management services. Companies must remain agile to adapt to these uncertainties and mitigate potential impacts on sales.

Regulatory Challenges: The potential for stricter regulations regarding hazardous materials handling and storage can pose challenges for the industry. Companies must invest in compliance measures to avoid penalties and ensure operational safety.

Technological Disruption: Emerging technologies in alternative materials and waste management could disrupt the market for hazardous materials services. Companies need to monitor these trends closely and innovate to stay relevant.

Environmental Concerns: Increasing scrutiny on environmental sustainability practices poses challenges for the industry. Companies must adopt sustainable practices to meet consumer expectations and regulatory requirements.

SWOT Summary

Strategic Position: The industry currently enjoys a strong market position, bolstered by increasing regulatory demands for safe hazardous materials management. However, challenges such as rising costs and competitive pressures necessitate strategic innovation and adaptation to maintain growth. The future trajectory appears promising, with opportunities for expansion into new markets and service lines, provided that companies can navigate the complexities of regulatory compliance and operational efficiency.

Key Interactions

  • The strong market position interacts with emerging technologies, as companies that leverage new safety and monitoring systems can enhance operational efficiency and compliance. This interaction is critical for maintaining market share and driving growth.
  • Financial health and cost structures are interconnected, as improved financial performance can enable investments in technology that reduce operational costs. This relationship is vital for long-term sustainability.
  • Consumer behavior shifts towards safety and sustainability create opportunities for market growth, influencing companies to innovate and diversify their service offerings. This interaction is high in strategic importance as it drives industry evolution.
  • Regulatory compliance issues can impact financial health, as non-compliance can lead to penalties that affect profitability. Companies must prioritize compliance to safeguard their financial stability.
  • Competitive pressures and market access barriers are interconnected, as strong competition can make it more challenging for new entrants to gain market share. This interaction highlights the need for strategic positioning and differentiation.
  • Supply chain advantages can mitigate resource limitations, as strong relationships with suppliers can ensure a steady flow of necessary materials. This relationship is critical for maintaining operational efficiency.
  • Technological gaps can hinder market position, as companies that fail to innovate may lose competitive ground. Addressing these gaps is essential for sustaining industry relevance.

Growth Potential: The growth prospects for the industry are robust, driven by increasing regulatory scrutiny and demand for safe hazardous materials management. Key growth drivers include the rising need for compliance in various sectors, advancements in safety technologies, and favorable economic conditions. Market expansion opportunities exist in both domestic and international markets, particularly as industries seek to enhance their safety protocols. However, challenges such as resource limitations and regulatory compliance must be addressed to fully realize this potential. The timeline for growth realization is projected over the next five to ten years, contingent on successful adaptation to market trends and regulatory requirements.

Risk Assessment: The overall risk level for the industry is moderate, with key risk factors including economic uncertainties, competitive pressures, and regulatory challenges. Industry players must be vigilant in monitoring external threats, such as changes in regulations and market dynamics. Effective risk management strategies, including diversification of services and investment in technology, can mitigate potential impacts. Long-term risk management approaches should focus on sustainability and adaptability to changing market conditions. The timeline for risk evolution is ongoing, necessitating proactive measures to safeguard against emerging threats.

Strategic Recommendations

  • Prioritize investment in advanced safety technologies to enhance operational efficiency and compliance. This recommendation is critical due to the potential for significant cost savings and improved market competitiveness. Implementation complexity is moderate, requiring capital investment and training. A timeline of 1-2 years is suggested for initial investments, with ongoing evaluations for further advancements.
  • Develop a comprehensive sustainability strategy to address environmental concerns and meet regulatory expectations. This initiative is of high priority as it can enhance brand reputation and compliance with regulations. Implementation complexity is high, necessitating collaboration across the supply chain. A timeline of 2-3 years is recommended for full integration.
  • Expand service offerings to include consulting on regulatory compliance and safety protocols in response to shifting industry needs. This recommendation is important for capturing new market segments and driving growth. Implementation complexity is moderate, involving market research and service development. A timeline of 1-2 years is suggested for initial service launches.
  • Enhance regulatory compliance measures to mitigate risks associated with non-compliance. This recommendation is crucial for maintaining financial health and avoiding penalties. Implementation complexity is manageable, requiring staff training and process adjustments. A timeline of 6-12 months is recommended for initial compliance audits.
  • Strengthen supply chain relationships to ensure stability in the availability of hazardous materials. This recommendation is vital for mitigating risks related to resource limitations. Implementation complexity is low, focusing on communication and collaboration with suppliers. A timeline of 1 year is suggested for establishing stronger partnerships.

Geographic and Site Features Analysis for NAICS 493190-16

An exploration of how geographic and site-specific factors impact the operations of the Hazardous Materials-Packing & Storage industry in the US, focusing on location, topography, climate, vegetation, zoning, infrastructure, and cultural context.

Location: Operations are concentrated in regions with significant industrial activity, such as the Gulf Coast and Midwest, where proximity to chemical manufacturing and transportation hubs facilitates efficient logistics. Areas near major highways and ports are ideal for quick access to shipping routes, enhancing distribution capabilities. Regions with established regulatory frameworks for hazardous materials also support operational stability, allowing for streamlined compliance processes and reduced operational risks.

Topography: Flat and accessible terrain is crucial for the establishment of storage facilities, as it allows for the safe and efficient movement of hazardous materials. Locations with minimal elevation changes facilitate the construction of secure storage units and loading docks, while also ensuring proper drainage systems are in place to manage spills or leaks. Areas with stable geological conditions are preferred to mitigate risks associated with seismic activity or flooding, which could compromise safety and operational integrity.

Climate: The climate significantly impacts storage conditions, with temperature and humidity control being vital for the safe storage of hazardous materials. Regions with extreme temperatures may require specialized climate control systems to prevent material degradation or reactions. Seasonal weather patterns, such as heavy rainfall or snow, can affect transportation logistics, necessitating contingency plans for delays. Facilities must also be equipped to handle climate-related emergencies, ensuring that materials remain secure and compliant with safety regulations.

Vegetation: Local vegetation can influence operational practices, particularly in terms of environmental compliance and safety. Facilities must manage vegetation around storage areas to reduce fire risks and maintain clear access for emergency response. Compliance with environmental regulations often requires the establishment of buffer zones with specific vegetation types that support local ecosystems while minimizing contamination risks. Proper vegetation management is essential for maintaining safety and operational efficiency in hazardous materials storage.

Zoning and Land Use: Zoning regulations are critical for operations, as facilities must be located in areas designated for industrial use with specific allowances for hazardous materials handling. Compliance with local land use regulations ensures that operations do not conflict with residential or commercial developments. Facilities typically require special permits for hazardous materials storage and must adhere to strict safety and environmental standards. Variations in zoning laws across regions can affect site selection and operational flexibility, necessitating thorough regulatory assessments before establishing new facilities.

Infrastructure: Robust infrastructure is essential for the safe and efficient operation of hazardous materials storage facilities. This includes reliable transportation networks for the movement of materials, as well as access to utilities such as water and electricity for fire suppression systems and climate control. Facilities must also have advanced communication systems to ensure coordination during emergencies. The presence of nearby industrial services, such as waste disposal and emergency response teams, enhances operational safety and efficiency, allowing for quick action in case of incidents.

Cultural and Historical: Community perceptions of hazardous materials operations can vary significantly, often influenced by historical incidents or local environmental concerns. Facilities that engage in proactive community outreach and demonstrate commitment to safety and environmental stewardship tend to foster better relationships with local residents. Historical presence in certain regions may lead to established operational practices that align with community expectations. Understanding local cultural attitudes towards hazardous materials is crucial for maintaining operational licenses and ensuring long-term viability.

In-Depth Marketing Analysis

A detailed overview of the Hazardous Materials-Packing & Storage industry’s market dynamics, competitive landscape, and operational conditions, highlighting the unique factors influencing its day-to-day activities.

Market Overview

Market Size: Medium

Description: This industry focuses on the safe storage, packing, and transportation of hazardous materials, including chemicals, flammable liquids, and radioactive substances. Facilities are equipped to handle these materials in compliance with stringent safety regulations, ensuring secure operations throughout the supply chain.

Market Stage: Growth. The industry is experiencing growth due to increasing regulatory requirements and heightened awareness of safety in hazardous materials handling. Companies are expanding their operations to meet the rising demand for secure storage solutions.

Geographic Distribution: National. Operations are distributed across the United States, with a concentration in industrial regions where chemical manufacturing and hazardous waste generation are prevalent. Facilities are strategically located near major transportation routes for efficient distribution.

Characteristics

  • Regulatory Compliance: Daily operations are heavily influenced by compliance with federal and state regulations, requiring facilities to implement rigorous safety protocols, employee training programs, and regular inspections to maintain certifications.
  • Specialized Equipment Utilization: Facilities utilize specialized equipment such as explosion-proof storage units, spill containment systems, and advanced packing machinery designed to handle hazardous materials safely and efficiently.
  • Trained Personnel: Operations require a workforce trained in hazardous materials handling, including certifications in safety protocols, emergency response, and proper packing techniques to ensure compliance and safety.
  • Secure Storage Solutions: Facilities are designed with secure storage areas that include fire suppression systems, ventilation controls, and access restrictions to protect both personnel and the environment from hazardous exposures.

Market Structure

Market Concentration: Moderately Concentrated. The market consists of a mix of large, specialized firms and smaller operators, with larger companies dominating in terms of capacity and regulatory compliance capabilities, while smaller firms often serve niche markets.

Segments

  • Chemical Storage Facilities: These facilities focus on the secure storage of various chemicals, requiring specific environmental controls and safety measures to prevent leaks and spills.
  • Flammable Liquids Storage: Dedicated storage units designed for flammable liquids must adhere to strict fire safety regulations, including specialized containment and ventilation systems.
  • Radioactive Material Storage: Facilities handling radioactive materials must meet stringent federal guidelines, including secure containment and monitoring systems to ensure safety and compliance.

Distribution Channels

  • Direct Transportation Services: Operators often provide direct transportation services for hazardous materials, utilizing specialized vehicles equipped with safety features to comply with regulations during transit.
  • Third-Party Logistics Providers: Many companies partner with third-party logistics providers that specialize in hazardous materials to enhance their distribution capabilities while ensuring compliance with safety regulations.

Success Factors

  • Safety Record Maintenance: A strong safety record is crucial for attracting clients, as companies prioritize partnerships with operators that demonstrate a commitment to safety and regulatory compliance.
  • Regulatory Knowledge and Adaptability: Operators must stay informed about changing regulations and adapt their practices accordingly to maintain compliance and avoid penalties.
  • Efficient Emergency Response Plans: Having well-developed emergency response plans in place is essential for minimizing risks and ensuring rapid action in the event of an incident.

Demand Analysis

  • Buyer Behavior

    Types: Primary buyers include chemical manufacturers, pharmaceutical companies, and energy producers, all of whom require secure and compliant storage and transportation services for hazardous materials.

    Preferences: Buyers prioritize safety, compliance with regulations, and the ability to provide detailed documentation and reporting on hazardous materials handling.
  • Seasonality

    Level: Low
    Demand for hazardous materials packing and storage services tends to be stable throughout the year, with fluctuations primarily driven by regulatory changes and industrial activity rather than seasonal patterns.

Demand Drivers

  • Increased Regulatory Oversight: Growing regulatory requirements for hazardous materials handling drive demand for specialized storage and transportation solutions, as companies seek to comply with safety standards.
  • Industrial Growth: Expansion in industries such as chemicals, pharmaceuticals, and energy increases the need for secure hazardous materials storage and packing services.
  • Environmental Awareness: Heightened public and corporate awareness of environmental safety issues leads to increased demand for compliant hazardous materials management solutions.

Competitive Landscape

  • Competition

    Level: Moderate
    Competition is moderate, with firms competing on safety records, regulatory compliance, and the ability to provide specialized services tailored to specific hazardous materials.

Entry Barriers

  • Regulatory Compliance Costs: New entrants face significant costs associated with obtaining necessary permits, certifications, and compliance with safety regulations, which can be a barrier to entry.
  • Specialized Equipment Investment: The need for specialized storage and transportation equipment represents a substantial initial investment, deterring some potential new operators.
  • Established Relationships: Existing operators often have established relationships with clients and regulatory bodies, making it challenging for new entrants to gain market share.

Business Models

  • Integrated Service Providers: These operators offer a full suite of services, including storage, packing, and transportation of hazardous materials, allowing for streamlined operations and enhanced safety.
  • Niche Specialists: Some firms focus on specific types of hazardous materials, providing tailored services that meet unique regulatory and operational requirements.

Operating Environment

  • Regulatory

    Level: High
    The industry is subject to extensive regulatory oversight from agencies such as the EPA and OSHA, requiring strict adherence to safety standards and regular audits.
  • Technology

    Level: Moderate
    Operators utilize technology for inventory management, safety monitoring, and compliance reporting, though the industry is slower to adopt advanced automation compared to other sectors.
  • Capital

    Level: High
    Significant capital investment is required for facility setup, specialized equipment, and ongoing compliance costs, making financial resources a critical factor for operators.

NAICS Code 493190-16 - Hazardous Materials-Packing & Storage

We now have complete information to process your request

Your dedicated data specialist is researching your target and will provide an industry report for your review shortly

What's Next?

1
Industry report based on your target will be sent to you by email (You're here)
2
Use this to review and refine your target
3
Free sample list will be provided to test drive the data
4
When ready for purchase, your complete list will be ready in minutes
Your data specialist

Your data specialist will assist you every step of the way

What Our Clients Say

I was able to supply NAICS/SIC codes to SICCODE.com, who provided a numerical total of their lists for each code. They provided also a sample list for me to judge the content and accuracy. Their Business Data Specialist sent then refined lists that allowed me to target my audience. They are professional and able to understand their products in great detail. I recommend them to anyone who wants to focus a targeted sales/marketing campaign.

SICCODE.com client

SICCODE.com client