42461 - Plastics Materials and Basic Forms and Shapes Merchant Wholesalers
When it comes to the wholesale trade of plastics, NAICS Code 42461 plays a vital role in the supply chain for numerous industries. This classification encompasses businesses that specialize in distributing raw and basic plastic materials in various forms, helping manufacturers and industrial users access essential products efficiently. Whether you're a supplier, buyer, or just curious about this sector, understanding NAICS 42461 can illuminate the intricacies of the plastics wholesale market.
What is NAICS Code 42461?
NAICS Code 42461 refers to the industry of Plastics Materials and Basic Forms and Shapes Merchant Wholesalers. Specifically, it covers establishments primarily engaged in the merchant wholesale distribution of plastics materials including raw plastic resins, as well as basic forms such as sheets, rods, tubes, pellets, and other shapes.
These wholesalers serve as the crucial link between plastics manufacturers and end users, supplying materials needed for production in industries like packaging, automotive, construction, electronics, and more.
Sector Overview: Wholesale Trade
NAICS 42461 falls under the broader Wholesale Trade sector, which includes companies that buy goods in bulk and resell them to other businesses. Within this sector, plastics wholesalers focus exclusively on plastic inputs essential for manufacturing and industrial applications.
Typical Business Activities under NAICS 42461
- Distribution of plastic resin pellets and compounds
- Supplying plastic sheets, rods, and tubes in various sizes and specifications
- Serving industrial clients such as manufacturers of consumer goods, automotive parts, and packaging materials
- Inventory management and logistics for plastic raw materials
- Providing technical consultation on plastic materials and properties
Size Standards for NAICS 42461 Eligibility
Understanding size standards helps businesses determine eligibility for small business programs and government contracting. According to the U.S. Small Business Administration (SBA):
- The size standard for NAICS 42461 is typically $30 million in average annual receipts.
- Businesses below this threshold qualify as small businesses for various federal contracting and assistance programs.
Examples of Businesses Under NAICS Code 42461
To better grasp the scope of NAICS 42461, here are some typical examples of businesses that fall within this code:
- Plastic Resin Distributors: Companies that specialize in sourcing and selling plastic resin pellets used by manufacturers.
- Suppliers of Plastic Sheets, Rods, and Tubes: Businesses supplying basic fabricated shapes like extruded plastic rods, molded sheets, and tubing.
- Wholesalers of Plastic Pellets and Compounds: Firms that distribute specialized plastic compounds tailored for specific industrial uses.
NAICS Code 42461 Details Table
| Aspect | Details |
|---|---|
| NAICS Code | 42461 |
| Title | Plastics Materials and Basic Forms and Shapes Merchant Wholesalers |
| Sector | Wholesale Trade |
| Industry Description | Merchant wholesale distribution of plastics materials and basic forms and shapes |
| Typical Activities | Selling plastic resins, sheets, rods, tubes, pellets, and compounds |
| Size Standard | $30 million in average annual receipts |
| Primary Customers | Manufacturers, industrial users |
| Products Distributed | Plastic resin pellets, sheets, rods, tubes, compounds |
Frequently Asked Questions (FAQ)
What products are included under NAICS 42461?
NAICS 42461 includes raw plastic resins (pellets), plastic sheets, rods, tubes, and various basic plastic forms distributed to manufacturers and industrial users.
Who are the main customers in this industry?
The primary customers are manufacturers across industries such as packaging, automotive, electronics, and construction that use plastics as raw materials.
What is the significance of the size standard?
The size standard of $30 million in average annual receipts determines whether a business qualifies as a small business for SBA programs and federal contracting benefits.
How does NAICS 42461 differ from other plastics-related codes?
NAICS 42461 specifically targets the wholesale distribution sector dealing with plastic raw materials and basic shapes, distinct from manufacturing or retail sectors.
Can businesses under this code engage in logistics and inventory management?
Yes, alongside distribution, many businesses provide logistics services and inventory management for their plastic materials to ensure timely supply to clients.
Conclusion
NAICS Code 42461 is essential for businesses involved in the wholesale trade of plastics materials and basic forms and shapes. By connecting manufacturers to the raw materials they need, these wholesalers enable the production of countless plastic-based products in various industries. Whether you're a supplier, buyer, or contractor, understanding this NAICS code enhances your awareness of opportunities and market dynamics in the plastics wholesale trade.
Explore more about NAICS codes and stay informed on industry classifications to better position your business for success!
