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レポート概要
| 本調査レポートは世界のオーブンバッグ/ポーチ市場について調査・分析し、世界のオーブンバッグ/ポーチ市場概要、メーカー別競争状況、地域別市場規模、タイプ別セグメント分析（PET、ナイロン、その他）、用途別セグメント分析（肉、野菜、その他）、主要企業のプロファイル、市場動向などに関する情報を掲載しています。主要企業としては、Sealed Air Corporation、SC Johnson、Reynolds Kitchens、Krehalon、The Clorox Company、DuPont Teijin Films、Flexipol Packaging、Extra Packaging、Sirane、M&Q Packaging、Sunkey Plastic Packaging、Threestone Packing Material、WRAPOKなどが含まれています。 世界のオーブンバッグ/ポーチ市場は、2022年にXXX米ドル、2029年にはXXX米ドルに達すると予測され、予測期間の年平均成長率はXXX％です。COVID-19とロシア・ウクライナ戦争の影響は、オーブンバッグ/ポーチ市場規模を推定する際に考慮しました。本レポートは、オーブンバッグ/ポーチの世界市場を定量的・定性的な分析により包括的に提示し、読者がビジネス/成長戦略を策定し、市場競争状況を把握し、現在の市場における自社のポジションを分析し、オーブンバッグ/ポーチに関するビジネス上の意思決定に役立てることを目的としています。 ・オーブンバッグ/ポーチ市場の概要 - 製品の定義 - オーブンバッグ/ポーチのタイプ別セグメント - 世界のオーブンバッグ/ポーチ市場規模：タイプ別分析（PET、ナイロン、その他） - オーブンバッグ/ポーチの用途別セグメント - 世界のオーブンバッグ/ポーチ市場規模：用途別分析（肉、野菜、その他） - 世界のオーブンバッグ/ポーチ市場規模予測（2018年-2029年） - オーブンバッグ/ポーチの平均価格推移（2018年-2029年） - 前提条件と制限事項 ・メーカー別競争状況 - メーカー別市場シェア - 世界の主要メーカー、業界ランキング分析 - メーカー別平均価格 - オーブンバッグ/ポーチ市場の競争状況およびトレンド ・オーブンバッグ/ポーチの地域別市場規模 - 北米のオーブンバッグ/ポーチ市場規模（2018年-2029年） - アメリカのオーブンバッグ/ポーチ市場規模（2018年-2029年） - ヨーロッパのオーブンバッグ/ポーチ市場規模（2018年-2029年） - アジア太平洋のオーブンバッグ/ポーチ市場規模（2018年-2029年） - 中国のオーブンバッグ/ポーチ市場規模（2018年-2029年） - 日本のオーブンバッグ/ポーチ市場規模（2018年-2029年） - 韓国のオーブンバッグ/ポーチ市場規模（2018年-2029年） - インドのオーブンバッグ/ポーチ市場規模（2018年-2029年） - オーストラリアのオーブンバッグ/ポーチ市場規模（2018年-2029年） - 中南米のオーブンバッグ/ポーチ市場規模（2018年-2029年） - 中東・アフリカのオーブンバッグ/ポーチ市場規模（2018年-2029年） ・タイプ別セグメント：PET、ナイロン、その他 - 世界のオーブンバッグ/ポーチのタイプ別販売量（2018年-2023年） - 世界のオーブンバッグ/ポーチのタイプ別売上（2018年-2023年） - 世界のオーブンバッグ/ポーチのタイプ別価格 ・用途別セグメント：肉、野菜、その他 - 世界のオーブンバッグ/ポーチの用途別販売量（2018年-2023年） - 世界のオーブンバッグ/ポーチの用途別売上（2018年-2023年） - 世界のオーブンバッグ/ポーチの用途別価格 ・主要企業のプロファイル：企業情報、事業概要、売上、製品ポートフォリオ、動向 Sealed Air Corporation、SC Johnson、Reynolds Kitchens、Krehalon、The Clorox Company、DuPont Teijin Films、Flexipol Packaging、Extra Packaging、Sirane、M&Q Packaging、Sunkey Plastic Packaging、Threestone Packing Material、WRAPOK ・産業チェーンと販売チャネルの分析 - オーブンバッグ/ポーチ産業チェーン分析 - オーブンバッグ/ポーチの主要原材料 - オーブンバッグ/ポーチの販売チャネル - オーブンバッグ/ポーチのディストリビューター - オーブンバッグ/ポーチの主要顧客 ・オーブンバッグ/ポーチ市場ダイナミクス - オーブンバッグ/ポーチの業界動向 - オーブンバッグ/ポーチ市場の成長ドライバ、課題、阻害要因 ・調査成果および結論 ・調査方法とデータソース |
The Oven Bags and Pouches industry can be broken down into several segments, PET, Nylon, etc.
Across the world, the major players cover Sealed Air Corporation, SC Johnson, etc.
Oven bags are used to heat, cook or bake food in a non-flame ovens or microwaves. They are made of nylon or polyester that is heat-resistant, generally up to 200 to 230 C (400 to 450 F.). After cooking, no clean-up is needed as they are single-use only.
Highlights
The global Oven Bags and Pouches market was valued at US$ 211 million in 2022 and is anticipated to reach US$ 343 million by 2029, witnessing a CAGR of 7.1% during the forecast period 2023-2029. The influence of COVID-19 and the Netherlands-Ukraine War were considered while estimating market sizes.
Global Oven Bags and Pouches key players include Sealed Air Corporation, SC Johnson, Reynolds Kitchens, etc. Global top 3 manufacturers hold a share over 25%.
North America is the largest market, with a share about 39%, followed by Europe, and Asia-Pacific, both have a share about 54 percent.
In terms of product, PET is the largest segment, with a share over 61%. And in terms of application, the largest application is Meat, followed by Vegetables, Others.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Oven Bags and Pouches, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Oven Bags and Pouches.
The Oven Bags and Pouches market size, estimations, and forecasts are provided in terms of sales volume (M Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Oven Bags and Pouches market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Oven Bags and Pouches manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application and by regions.
By Company
Sealed Air Corporation
SC Johnson
Reynolds Kitchens
Krehalon
The Clorox Company
DuPont Teijin Films
Flexipol Packaging
Extra Packaging
Sirane
M&Q Packaging
Sunkey Plastic Packaging
Threestone Packing Material
WRAPOK
Segment by Type
PET
Nylon
Others
Segment by Application
Meat
Vegetables
Others
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Oven Bags and Pouches manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Sales, revenue of Oven Bags and Pouches in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the key companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 8: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 9: The main points and conclusions of the report.
COVID-19 and Russia-Ukraine War Influence Analysis
The readers in the section will understand how the Oven Bags and Pouches market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.
Reasons to Buy This Report
This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Oven Bags and Pouches market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
This report will help stakeholders to understand the global industry status and trends of Oven Bags and Pouches and provides them with information on key market drivers, restraints, challenges, and opportunities.
This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
This report stays updated with novel technology integration, features, and the latest developments in the market
This report helps stakeholders to understand the COVID-19 and Russia-Ukraine War Influence on the Oven Bags and Pouches industry.
This report helps stakeholders to gain insights into which regions to target globally
This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Oven Bags and Pouches.
This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Oven Bags and Pouches manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Sales, revenue of Oven Bags and Pouches in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 4: Provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 8: Analysis of sales channel, distributors and customers
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: sales and revenue forecast, global and regional, by Type and by Application. It provides a quantitative analysis of the market size and development potential of each market segment in the next six years.
Chapter 11: The main points and conclusions of the report.
1 Oven Bags and Pouches Market Overview
1.1 Product Overview and Scope of Oven Bags and Pouches
1.2 Oven Bags and Pouches Segment by Type
1.2.1 Global Oven Bags and Pouches Market Value Comparison by Type (2023-2029)
1.2.2 PET
1.2.3 Nylon
1.2.4 Others
1.3 Oven Bags and Pouches Segment by Application
1.3.1 Global Oven Bags and Pouches Market Value by Application: (2023-2029)
1.3.2 Meat
1.3.3 Vegetables
1.3.4 Others
1.4 Global Oven Bags and Pouches Market Size Estimates and Forecasts
1.4.1 Global Oven Bags and Pouches Revenue 2018-2029
1.4.2 Global Oven Bags and Pouches Sales 2018-2029
1.4.3 Global Oven Bags and Pouches Market Average Price (2018-2029)
1.5 Assumptions and Limitations
2 Oven Bags and Pouches Market Competition by Manufacturers
2.1 Global Oven Bags and Pouches Sales Market Share by Manufacturers (2018-2023)
2.2 Global Oven Bags and Pouches Revenue Market Share by Manufacturers (2018-2023)
2.3 Global Oven Bags and Pouches Average Price by Manufacturers (2018-2023)
2.4 Global Oven Bags and Pouches Industry Ranking 2021 VS 2022 VS 2023
2.5 Global Key Manufacturers of Oven Bags and Pouches, Manufacturing Sites & Headquarters
2.6 Global Key Manufacturers of Oven Bags and Pouches, Product Type & Application
2.7 Oven Bags and Pouches Market Competitive Situation and Trends
2.7.1 Oven Bags and Pouches Market Concentration Rate
2.7.2 The Global Top 5 and Top 10 Largest Oven Bags and Pouches Players Market Share by Revenue
2.7.3 Global Oven Bags and Pouches Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.8 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Oven Bags and Pouches Retrospective Market Scenario by Region
3.1 Global Oven Bags and Pouches Market Size by Region: 2018 Versus 2022 Versus 2029
3.2 Global Oven Bags and Pouches Global Oven Bags and Pouches Sales by Region: 2018-2029
3.2.1 Global Oven Bags and Pouches Sales by Region: 2018-2023
3.2.2 Global Oven Bags and Pouches Sales by Region: 2024-2029
3.3 Global Oven Bags and Pouches Global Oven Bags and Pouches Revenue by Region: 2018-2029
3.3.1 Global Oven Bags and Pouches Revenue by Region: 2018-2023
3.3.2 Global Oven Bags and Pouches Revenue by Region: 2024-2029
3.4 North America Oven Bags and Pouches Market Facts & Figures by Country
3.4.1 North America Oven Bags and Pouches Market Size by Country: 2018 VS 2022 VS 2029
3.4.2 North America Oven Bags and Pouches Sales by Country (2018-2029)
3.4.3 North America Oven Bags and Pouches Revenue by Country (2018-2029)
3.4.4 United States
3.4.5 Canada
3.5 Europe Oven Bags and Pouches Market Facts & Figures by Country
3.5.1 Europe Oven Bags and Pouches Market Size by Country: 2018 VS 2022 VS 2029
3.5.2 Europe Oven Bags and Pouches Sales by Country (2018-2029)
3.5.3 Europe Oven Bags and Pouches Revenue by Country (2018-2029)
3.5.4 Germany
3.5.5 France
3.5.6 U.K.
3.5.7 Italy
3.5.8 Russia
3.6 Asia Pacific Oven Bags and Pouches Market Facts & Figures by Country
3.6.1 Asia Pacific Oven Bags and Pouches Market Size by Country: 2018 VS 2022 VS 2029
3.6.2 Asia Pacific Oven Bags and Pouches Sales by Country (2018-2029)
3.6.3 Asia Pacific Oven Bags and Pouches Revenue by Country (2018-2029)
3.6.4 China
3.6.5 Japan
3.6.6 South Korea
3.6.7 India
3.6.8 Australia
3.6.9 China Taiwan
3.6.10 Indonesia
3.6.11 Thailand
3.6.12 Malaysia
3.7 Latin America Oven Bags and Pouches Market Facts & Figures by Country
3.7.1 Latin America Oven Bags and Pouches Market Size by Country: 2018 VS 2022 VS 2029
3.7.2 Latin America Oven Bags and Pouches Sales by Country (2018-2029)
3.7.3 Latin America Oven Bags and Pouches Revenue by Country (2018-2029)
3.7.4 Mexico
3.7.5 Brazil
3.7.6 Argentina
3.8 Middle East and Africa Oven Bags and Pouches Market Facts & Figures by Country
3.8.1 Middle East and Africa Oven Bags and Pouches Market Size by Country: 2018 VS 2022 VS 2029
3.8.2 Middle East and Africa Oven Bags and Pouches Sales by Country (2018-2029)
3.8.3 Middle East and Africa Oven Bags and Pouches Revenue by Country (2018-2029)
3.8.4 Turkey
3.8.5 Saudi Arabia
3.8.6 UAE
4 Segment by Type
4.1 Global Oven Bags and Pouches Sales by Type (2018-2029)
4.1.1 Global Oven Bags and Pouches Sales by Type (2018-2023)
4.1.2 Global Oven Bags and Pouches Sales by Type (2024-2029)
4.1.3 Global Oven Bags and Pouches Sales Market Share by Type (2018-2029)
4.2 Global Oven Bags and Pouches Revenue by Type (2018-2029)
4.2.1 Global Oven Bags and Pouches Revenue by Type (2018-2023)
4.2.2 Global Oven Bags and Pouches Revenue by Type (2024-2029)
4.2.3 Global Oven Bags and Pouches Revenue Market Share by Type (2018-2029)
4.3 Global Oven Bags and Pouches Price by Type (2018-2029)
5 Segment by Application
5.1 Global Oven Bags and Pouches Sales by Application (2018-2029)
5.1.1 Global Oven Bags and Pouches Sales by Application (2018-2023)
5.1.2 Global Oven Bags and Pouches Sales by Application (2024-2029)
5.1.3 Global Oven Bags and Pouches Sales Market Share by Application (2018-2029)
5.2 Global Oven Bags and Pouches Revenue by Application (2018-2029)
5.2.1 Global Oven Bags and Pouches Revenue by Application (2018-2023)
5.2.2 Global Oven Bags and Pouches Revenue by Application (2024-2029)
5.2.3 Global Oven Bags and Pouches Revenue Market Share by Application (2018-2029)
5.3 Global Oven Bags and Pouches Price by Application (2018-2029)
6 Key Companies Profiled
6.1 Sealed Air Corporation
6.1.1 Sealed Air Corporation Corporation Information
6.1.2 Sealed Air Corporation Description and Business Overview
6.1.3 Sealed Air Corporation Oven Bags and Pouches Sales, Revenue and Gross Margin (2018-2023)
6.1.4 Sealed Air Corporation Oven Bags and Pouches Product Portfolio
6.1.5 Sealed Air Corporation Recent Developments/Updates
6.2 SC Johnson
6.2.1 SC Johnson Corporation Information
6.2.2 SC Johnson Description and Business Overview
6.2.3 SC Johnson Oven Bags and Pouches Sales, Revenue and Gross Margin (2018-2023)
6.2.4 SC Johnson Oven Bags and Pouches Product Portfolio
6.2.5 SC Johnson Recent Developments/Updates
6.3 Reynolds Kitchens
6.3.1 Reynolds Kitchens Corporation Information
6.3.2 Reynolds Kitchens Description and Business Overview
6.3.3 Reynolds Kitchens Oven Bags and Pouches Sales, Revenue and Gross Margin (2018-2023)
6.3.4 Reynolds Kitchens Oven Bags and Pouches Product Portfolio
6.3.5 Reynolds Kitchens Recent Developments/Updates
6.4 Krehalon
6.4.1 Krehalon Corporation Information
6.4.2 Krehalon Description and Business Overview
6.4.3 Krehalon Oven Bags and Pouches Sales, Revenue and Gross Margin (2018-2023)
6.4.4 Krehalon Oven Bags and Pouches Product Portfolio
6.4.5 Krehalon Recent Developments/Updates
6.5 The Clorox Company
6.5.1 The Clorox Company Corporation Information
6.5.2 The Clorox Company Description and Business Overview
6.5.3 The Clorox Company Oven Bags and Pouches Sales, Revenue and Gross Margin (2018-2023)
6.5.4 The Clorox Company Oven Bags and Pouches Product Portfolio
6.5.5 The Clorox Company Recent Developments/Updates
6.6 DuPont Teijin Films
6.6.1 DuPont Teijin Films Corporation Information
6.6.2 DuPont Teijin Films Description and Business Overview
6.6.3 DuPont Teijin Films Oven Bags and Pouches Sales, Revenue and Gross Margin (2018-2023)
6.6.4 DuPont Teijin Films Oven Bags and Pouches Product Portfolio
6.6.5 DuPont Teijin Films Recent Developments/Updates
6.7 Flexipol Packaging
6.6.1 Flexipol Packaging Corporation Information
6.6.2 Flexipol Packaging Description and Business Overview
6.6.3 Flexipol Packaging Oven Bags and Pouches Sales, Revenue and Gross Margin (2018-2023)
6.4.4 Flexipol Packaging Oven Bags and Pouches Product Portfolio
6.7.5 Flexipol Packaging Recent Developments/Updates
6.8 Extra Packaging
6.8.1 Extra Packaging Corporation Information
6.8.2 Extra Packaging Description and Business Overview
6.8.3 Extra Packaging Oven Bags and Pouches Sales, Revenue and Gross Margin (2018-2023)
6.8.4 Extra Packaging Oven Bags and Pouches Product Portfolio
6.8.5 Extra Packaging Recent Developments/Updates
6.9 Sirane
6.9.1 Sirane Corporation Information
6.9.2 Sirane Description and Business Overview
6.9.3 Sirane Oven Bags and Pouches Sales, Revenue and Gross Margin (2018-2023)
6.9.4 Sirane Oven Bags and Pouches Product Portfolio
6.9.5 Sirane Recent Developments/Updates
6.10 M&Q Packaging
6.10.1 M&Q Packaging Corporation Information
6.10.2 M&Q Packaging Description and Business Overview
6.10.3 M&Q Packaging Oven Bags and Pouches Sales, Revenue and Gross Margin (2018-2023)
6.10.4 M&Q Packaging Oven Bags and Pouches Product Portfolio
6.10.5 M&Q Packaging Recent Developments/Updates
6.11 Sunkey Plastic Packaging
6.11.1 Sunkey Plastic Packaging Corporation Information
6.11.2 Sunkey Plastic Packaging Oven Bags and Pouches Description and Business Overview
6.11.3 Sunkey Plastic Packaging Oven Bags and Pouches Sales, Revenue and Gross Margin (2018-2023)
6.11.4 Sunkey Plastic Packaging Oven Bags and Pouches Product Portfolio
6.11.5 Sunkey Plastic Packaging Recent Developments/Updates
6.12 Threestone Packing Material
6.12.1 Threestone Packing Material Corporation Information
6.12.2 Threestone Packing Material Oven Bags and Pouches Description and Business Overview
6.12.3 Threestone Packing Material Oven Bags and Pouches Sales, Revenue and Gross Margin (2018-2023)
6.12.4 Threestone Packing Material Oven Bags and Pouches Product Portfolio
6.12.5 Threestone Packing Material Recent Developments/Updates
6.13 WRAPOK
6.13.1 WRAPOK Corporation Information
6.13.2 WRAPOK Oven Bags and Pouches Description and Business Overview
6.13.3 WRAPOK Oven Bags and Pouches Sales, Revenue and Gross Margin (2018-2023)
6.13.4 WRAPOK Oven Bags and Pouches Product Portfolio
6.13.5 WRAPOK Recent Developments/Updates
7 Industry Chain and Sales Channels Analysis
7.1 Oven Bags and Pouches Industry Chain Analysis
7.2 Oven Bags and Pouches Key Raw Materials
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Oven Bags and Pouches Production Mode & Process
7.4 Oven Bags and Pouches Sales and Marketing
7.4.1 Oven Bags and Pouches Sales Channels
7.4.2 Oven Bags and Pouches Distributors
7.5 Oven Bags and Pouches Customers
8 Oven Bags and Pouches Market Dynamics
8.1 Oven Bags and Pouches Industry Trends
8.2 Oven Bags and Pouches Market Drivers
8.3 Oven Bags and Pouches Market Challenges
8.4 Oven Bags and Pouches Market Restraints
9 Research Finding and Conclusion
10 Methodology and Data Source
10.1 Methodology/Research Approach
10.1.1 Research Programs/Design
10.1.2 Market Size Estimation
10.1.3 Market Breakdown and Data Triangulation
10.2 Data Source
10.2.1 Secondary Sources
10.2.2 Primary Sources
10.3 Author List
10.4 Disclaimer