Bemax Inc. Positions to
Capitalize on Industry Growth with New Improved Quality of Mother's
Touch® Disposable Diapers
Innovative Features and
Superior Quality to Enhance Customer Experience and Drive
Growth
Dallas, GA -- June 24,
2024 -- InvestorsHub NewsWire -- Bemax Inc. (OTC
Pink: BMXC), a private label development company with a focus
on disposable diapers and women's hygienic sanitary products, is
pleased to announce that it will commence accepting pre-orders for
the new improved quality of the Mother's Touch® brand of disposable
diapers starting on August 25, 2023, on
www.walmart.com and
www.bemaxinc/webstore. This initiative marks a significant
step in Bemax's commitment to delivering products that exceed
consumer expectations and drive continued revenue
growth.
The new private label brands,
meticulously crafted with a focus on superior quality, are set to
meet and surpass the evolving needs of consumers. The new improved
quality brand of Mother's Touch® comes with a pearl pattern spun
bond, a non-woven top sheet, a 3-liner wetness indicator, and a 3D
leak guard, among other user-friendly features. These brands will
be available through Bemax's expansive distribution network,
ensuring widespread availability and accessibility.
Bemax Inc. is strategically
positioning itself to take maximum advantage of the ongoing growth
in the diaper industry. The company has been experiencing
substantial growth, with an expected year-over-year increase of
over 70%, as announced in a prior press release. This growth is
driven by the company's strategic focus on innovation, quality, and
expanding its product offerings to meet the dynamic needs of
consumers.
According to industry reports, the
diaper market has registered a CAGR of 5.64% during the forecast
period (2024-2032). In terms of revenue, the global diaper market
was estimated at roughly USD 64.37 billion in 2023 and is predicted
to attain a value of USD 105.49 billion by 2032. The growth of the
diaper market is being propelled by rising birth rates, increasing
disposable income, and growing awareness of hygiene.
The disposable diapers segment, in
particular, is growing at a high rate and is projected to dominate
the global market. Online sales have also surged, capturing about
30% of the market in some regions, reflecting changing consumer
buying habits.
The North America diaper market size
reached US$75.4 billion in 2023. Looking forward, IMARC Group
expects the market to reach US$91.4 billion by 2032, exhibiting a
growth rate of 2.1% during 2024-2032. North America, particularly
the United States, is a mature market characterized by high product
penetration and advanced consumer preferences towards eco-friendly
and premium products.
"We are excited about the
future of the diaper market and the opportunities it presents. The
increasing demand for biodegradable and eco-friendly products
aligns perfectly with our commitment to sustainability.
Additionally, the growth in emerging markets and the expanding
adult diaper segment offer significant potential for us to broaden
our product lines and drive new revenue streams," said Taiwo
Aimasiko, CEO of Bemax Inc.
About
Bemax Inc.
Bemax Inc. is a
forward-thinking company dedicated to delivering top-quality
disposable diapers and women's hygienic sanitary products. With a
focus on innovation and customer satisfaction, Bemax continues to
expand its product offerings and distribution network, aiming to
exceed the expectations of its growing customer base.
Safe
Harbor Statement:
The information posted
in this release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
You can identify these statements by use of the words "may,"
"will," "should," "plans," "expects," "anticipates," "continue,"
"estimate," "project," "intend," and similar expressions. The
Company may also make written or oral forward-looking statements in
its filings with the U.S. Securities and Exchange Commission, in
press releases and other written materials, and in oral statements
made by its officers, directors or employees to third parties.
There can be no assurance that such statements will prove to be
accurate.
The Company cautions
that these forward-looking statements are further qualified by
other factors including, but not limited to, those set forth in the
Company's Annual Reports on Form 10-K and its other filings with
the Securities and Exchange Commission. Forward-looking statements
involve risks and uncertainties that could cause actual results to
differ materially from those projected or anticipated. These risks
and uncertainties include, but are not limited to, general economic
and business conditions, effects of continued geopolitical unrest
and regional conflicts, competition, changes in technology and
methods of marketing, delays in completing various engineering and
manufacturing programs, changes in customer order patterns, changes
in product mix, continued success in technological advances and
delivering technological innovations, shortages in components,
production delays due to performance quality issues with outsourced
components, and various other factors beyond the Company's
control.
The Company does
not undertake any obligation to update publicly or to revise any
statements in this release, whether as a result of new information,
future events, or otherwise.
CONTACT
INFORMATION
Bemax
Inc.
Atlanta,
GA
Email:
admin@bemaxinc.com
Tel:
(470) 582 0807 ext. 101
