Legacy Ventures International, Inc. (LGYV) Targets Bottled Water Market with Environmentally Friendly Boxed Water
The market for bottled water has exploded in recent years, as consumers have increasingly turned their attention toward cleaner, healthier refreshment options. According to a report by the International Bottled Water Association, the domestic market for bottled water is currently $11.8 billion, with roughly 30 billion units being sold annually. Market share of this booming industry is largely split between major beverage companies such as PepsiCo (NYSE: PEP), Coca-Cola (NYSE: KO) and Nestle (OTC: NSRGY), but the market has maintained a relatively approachable barrier to entry for private label brands with innovative ideas and strategic marketing efforts. Legacy Ventures International,…