Business
Greene Concepts Develops Two Chinese "Be Water" Label Designs in Preparation for a Windfall to Rapidly Expand Sales Within China's $53 Billion USD Bottled Water Market
Greene Concepts Develops Two Chinese "Be Water" Label Designs in Preparation for a Windfall to Rapidly Expand Sales Within China's $53 Billion USD Bottled Water Market.
About this update from Greene Concepts, Inc.
[{"type":"text","content":"https://www.newsfilecorp.com/release/65545Greene Concepts Inc. (OTC Pink: INKW) is happy to say that the company is moving forward to penetrate the Asian economic market of the Far East beginning with China. The company has developed two unique package labels for the Chinese market of its' BE WATERTM brand offering wording in Chinese characters and seeks to multiply revenues by instituting sales in China to a reported count of 1.39 billion people according to the World Bank, approximately 18.3% of the world's population. Greene Concepts will focus sales using localized marketing methods aimed at creating an emotional tie to company brands, incorporating authenticity and identity establishment, and creating an emotional and experiential appeal beyond just the product packaging.BeWater Chinese LabelTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/6717/65545_06e47300c4096990_002full.jpgBeWater Chinese - English LabelTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/6717/65545_06e47300c4096990_003full.jpgThe numbers support Greene Concepts' willingness to enter this market. First, China's current bottled water sales volume as of 2020 reached $53 billion in USD and is expected to grow annually by 5.7% (CAGR 2020 - 2025) according to Statista.com. Second, more and more Chinese consumers are embracing active and healthier alternatives beyond simply energy drinks. Third, the price per unit of bottled water in China has steadily increased over the past eight years. Fourth, Chinese consumers have a growing concern over the safety of local drinking water due to broad contaminated groundwater and are buying bottled water instead. Fifth, China has become the world's largest bottled water market by volume having experienced an increase from 19 billion to 37 billion liters of bottled water from 2010 - 2015 and forecasted to grow by another 22% between 2019 - 2023.Lenny Greene, CEO of Greene Concepts states, \"We are meeting social responsibility needs as a large percentage of water sources in China contain contamination. The country only has about 6% of the planet's renewable water resources to sustain almost one-fifth of the world's population. Economic growth has greatly exceeded freshwater supplies and eleven out o...