The SIC code for balloons, specifically novelty balloons, is 5092.
Understanding the SIC Code for Balloons
The Standard Industrial Classification (SIC) system provides a standardized way to classify businesses by industry, facilitating economic analysis and data collection. For balloons, particularly those marketed as novelty items, the classification falls under wholesale trade.
Businesses primarily involved in the wholesale distribution of novelty balloons are categorized under SIC code 5092. This code is part of a broader group that includes various recreational and hobby-related goods.
Detailed SIC Classification for Balloons
The specific classification for novelty balloons is an extended sub-code within the main SIC division for Toys and Hobby Goods and Supplies. This sub-code precisely identifies the business activity related to balloons.
| Code | Title |
|---|---|
| 5092 | Toys and Hobby Goods and Supplies |
| 50920302 | Balloons, novelty |
This categorization signifies that entities engaged in the wholesale trade of novelty balloons are grouped under the primary SIC code 5092, with the detailed sub-code 50920302 explicitly referring to "Balloons, novelty."
Broader Industry Context: SIC 5092
SIC Code 5092, "Toys and Hobby Goods and Supplies," encompasses wholesalers of a diverse array of products used for leisure, recreation, and hobbies. This major group includes, but is not limited to, the wholesale of:
- Arts and crafts equipment and supplies: Materials and tools for creative activities.
- Fireworks: Pyrotechnic devices for entertainment.
- General toys and hobby goods: A wide range of playthings and items for various hobbies.
The inclusion of novelty balloons within this classification aligns them with other consumer goods typically associated with celebrations, events, and general entertainment. This positioning reflects their common market use and helps categorize businesses for statistical and analytical purposes within the wholesale sector. Understanding this broader context can be beneficial for businesses operating in this niche, providing insights into their market position and potential industry connections.
