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Horizontal Shrink Wrapping System Market

Horizontal Shrink Wrapping System Market

Global Horizontal Shrink Wrapping System Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027


Date: Apr-2021 | Id: MACRC-64612 | Geographical Scope: Global | Publisher: Mnemonics Research

The global Horizontal Shrink Wrapping System market is expected to reach US$ XX Million by 2027, with a CAGR of XX% from 2020 to 2027, based on Mnemonics Rresearch newly published report.
 The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
 
 By Market Verdors:
 Paxiom Group
 Reiser
 Lantech
 Aetnagroup S.p.A.
 ARPAC
 Fhope Packaging Machinery Co.,Ltd
 Orion
 TAM
 Robopac (Aetna)
 Muller
 Kete Mechanical Engineering
 Extreme Packaging
 Nitechiipm
 Conflex
 Gurki
 Yuanxupack
 Hanagata Corporation
 Heat Seal
 Douglas Machine Inc
 Ehua (China)
 Shrinkwrap Machinery Ltd
 PAC Machinery
 Lachenmeier
 Sealed Air
 Maripak
 American Packaging Machinery
 Minipack®-torre SpA
 MSK Verpackungs-Systeme GmbH
 Linkx Systems Ltd
 
 By Types:
 Semi-Automatic Horizontal Shrink Wrapping System
 Automatic Horizontal Shrink Wrapping System
 
 By Applications:
 Food & Beverage Industry
 Pharmaceutical Industry
 Personal Care & Cosmetics Industry
 Electrical & Electronics Industry
 Others
 
 Key Indicators Analysed
 Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
 Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
 Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
 Opportunities and <b>Drivers:</b> Identifying the Growing Demands and New Technology
 Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
 
 Key Reasons to Purchase
 To gain insightful analyses of the market and have comprehensive understanding of the global  market and its commercial landscape.
 Assess the production processes, major issues, and solutions to mitigate the development risk.
 To understand the most affecting driving and restraining forces in the market and its impact in the global market.
 Learn about the market strategies that are being adopted by leading respective organizations.
 To understand the future outlook and prospects for the market.
 Besides the standard structure reports, we also provide custom research according to specific requirements.

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1 Report Overview
 1.1 Study Scope and Definition
 1.2 Research Methodology
 1.2.1 Methodology/Research Approach
 1.2.2 Data Source
 1.3 Key Market Segments
 1.4 Players Covered: Ranking by Horizontal Shrink Wrapping System Revenue
 1.5 Market Analysis by Type
 1.5.1 Global Horizontal Shrink Wrapping System Market Size Growth Rate by Type: 2021 VS 2027
 1.5.2 Semi-Automatic Horizontal Shrink Wrapping System
 1.5.3 Automatic Horizontal Shrink Wrapping System
 1.6 Market by Application
 1.6.1 Global Horizontal Shrink Wrapping System Market Share by Application: 2022-2027
 1.6.2 Food & Beverage Industry
 1.6.3 Pharmaceutical Industry
 1.6.4 Personal Care & Cosmetics Industry
 1.6.5 Electrical & Electronics Industry
 1.6.6 Others
 1.7 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth
 1.7.1 Covid-19 Impact: Global GDP Growth, 2019, 2021 and 2022 Projections
 1.7.2 Covid-19 Impact: Commodity Prices Indices
 1.7.3 Covid-19 Impact: Global Major Government Policy
 1.8 Study Objectives
 1.9 Years Considered
 2 Global Horizontal Shrink Wrapping System Market Trends and Growth Strategy
 2.1 Market Top Trends
 2.2 Market Drivers
 2.3 Market Challenges
 2.4 Porter’s Five Forces Analysis
 2.5 Market Growth Strategy
 2.6 SWOT Analysis
 3 Global Horizontal Shrink Wrapping System Market Players Profiles
 3.1 Paxiom Group
 3.1.1 Paxiom Group Company Profile
 3.1.2 Paxiom Group Horizontal Shrink Wrapping System Product Specification
 3.1.3 Paxiom Group Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.2 Reiser
 3.2.1 Reiser Company Profile
 3.2.2 Reiser Horizontal Shrink Wrapping System Product Specification
 3.2.3 Reiser Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.3 Lantech
 3.3.1 Lantech Company Profile
 3.3.2 Lantech Horizontal Shrink Wrapping System Product Specification
 3.3.3 Lantech Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.4 Aetnagroup S.p.A.
 3.4.1 Aetnagroup S.p.A. Company Profile
 3.4.2 Aetnagroup S.p.A. Horizontal Shrink Wrapping System Product Specification
 3.4.3 Aetnagroup S.p.A. Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.5 ARPAC
 3.5.1 ARPAC Company Profile
 3.5.2 ARPAC Horizontal Shrink Wrapping System Product Specification
 3.5.3 ARPAC Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.6 Fhope Packaging Machinery Co.,Ltd
 3.6.1 Fhope Packaging Machinery Co.,Ltd Company Profile
 3.6.2 Fhope Packaging Machinery Co.,Ltd Horizontal Shrink Wrapping System Product Specification
 3.6.3 Fhope Packaging Machinery Co.,Ltd Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.7 Orion
 3.7.1 Orion Company Profile
 3.7.2 Orion Horizontal Shrink Wrapping System Product Specification
 3.7.3 Orion Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.8 TAM
 3.8.1 TAM Company Profile
 3.8.2 TAM Horizontal Shrink Wrapping System Product Specification
 3.8.3 TAM Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.9 Robopac (Aetna)
 3.9.1 Robopac (Aetna) Company Profile
 3.9.2 Robopac (Aetna) Horizontal Shrink Wrapping System Product Specification
 3.9.3 Robopac (Aetna) Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.10 Muller
 3.10.1 Muller Company Profile
 3.10.2 Muller Horizontal Shrink Wrapping System Product Specification
 3.10.3 Muller Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.11 Kete Mechanical Engineering
 3.11.1 Kete Mechanical Engineering Company Profile
 3.11.2 Kete Mechanical Engineering Horizontal Shrink Wrapping System Product Specification
 3.11.3 Kete Mechanical Engineering Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.12 Extreme Packaging
 3.12.1 Extreme Packaging Company Profile
 3.12.2 Extreme Packaging Horizontal Shrink Wrapping System Product Specification
 3.12.3 Extreme Packaging Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.13 Nitechiipm
 3.13.1 Nitechiipm Company Profile
 3.13.2 Nitechiipm Horizontal Shrink Wrapping System Product Specification
 3.13.3 Nitechiipm Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.14 Conflex
 3.14.1 Conflex Company Profile
 3.14.2 Conflex Horizontal Shrink Wrapping System Product Specification
 3.14.3 Conflex Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.15 Gurki
 3.15.1 Gurki Company Profile
 3.15.2 Gurki Horizontal Shrink Wrapping System Product Specification
 3.15.3 Gurki Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.16 Yuanxupack
 3.16.1 Yuanxupack Company Profile
 3.16.2 Yuanxupack Horizontal Shrink Wrapping System Product Specification
 3.16.3 Yuanxupack Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.17 Hanagata Corporation
 3.17.1 Hanagata Corporation Company Profile
 3.17.2 Hanagata Corporation Horizontal Shrink Wrapping System Product Specification
 3.17.3 Hanagata Corporation Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.18 Heat Seal
 3.18.1 Heat Seal Company Profile
 3.18.2 Heat Seal Horizontal Shrink Wrapping System Product Specification
 3.18.3 Heat Seal Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.19 Douglas Machine Inc
 3.19.1 Douglas Machine Inc Company Profile
 3.19.2 Douglas Machine Inc Horizontal Shrink Wrapping System Product Specification
 3.19.3 Douglas Machine Inc Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.20 Ehua (China)
 3.20.1 Ehua (China) Company Profile
 3.20.2 Ehua (China) Horizontal Shrink Wrapping System Product Specification
 3.20.3 Ehua (China) Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.21 Shrinkwrap Machinery Ltd
 3.21.1 Shrinkwrap Machinery Ltd Company Profile
 3.21.2 Shrinkwrap Machinery Ltd Horizontal Shrink Wrapping System Product Specification
 3.21.3 Shrinkwrap Machinery Ltd Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.22 PAC Machinery
 3.22.1 PAC Machinery Company Profile
 3.22.2 PAC Machinery Horizontal Shrink Wrapping System Product Specification
 3.22.3 PAC Machinery Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.23 Lachenmeier
 3.23.1 Lachenmeier Company Profile
 3.23.2 Lachenmeier Horizontal Shrink Wrapping System Product Specification
 3.23.3 Lachenmeier Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.24 Sealed Air
 3.24.1 Sealed Air Company Profile
 3.24.2 Sealed Air Horizontal Shrink Wrapping System Product Specification
 3.24.3 Sealed Air Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.25 Maripak
 3.25.1 Maripak Company Profile
 3.25.2 Maripak Horizontal Shrink Wrapping System Product Specification
 3.25.3 Maripak Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.26 American Packaging Machinery
 3.26.1 American Packaging Machinery Company Profile
 3.26.2 American Packaging Machinery Horizontal Shrink Wrapping System Product Specification
 3.26.3 American Packaging Machinery Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.27 Minipack®-torre SpA
 3.27.1 Minipack®-torre SpA Company Profile
 3.27.2 Minipack®-torre SpA Horizontal Shrink Wrapping System Product Specification
 3.27.3 Minipack®-torre SpA Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.28 MSK Verpackungs-Systeme GmbH
 3.28.1 MSK Verpackungs-Systeme GmbH Company Profile
 3.28.2 MSK Verpackungs-Systeme GmbH Horizontal Shrink Wrapping System Product Specification
 3.28.3 MSK Verpackungs-Systeme GmbH Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 3.29 Linkx Systems Ltd
 3.29.1 Linkx Systems Ltd Company Profile
 3.29.2 Linkx Systems Ltd Horizontal Shrink Wrapping System Product Specification
 3.29.3 Linkx Systems Ltd Horizontal Shrink Wrapping System Production Capacity, Revenue, Price and Gross Margin (2016-2021)
 4 Global Horizontal Shrink Wrapping System Market Competition by Market Players
 4.1 Global Horizontal Shrink Wrapping System Production Capacity Market Share by Market Players (2016-2021)
 4.2 Global Horizontal Shrink Wrapping System Revenue Market Share by Market Players (2016-2021)
 4.3 Global Horizontal Shrink Wrapping System Average Price by Market Players (2016-2021)
 5 Global Horizontal Shrink Wrapping System Production by Regions (2016-2021)
 5.1 North America
 5.1.1 North America Horizontal Shrink Wrapping System Market Size (2016-2021)
 5.1.2 Horizontal Shrink Wrapping System Key Players in North America (2016-2021)
 5.1.3 North America Horizontal Shrink Wrapping System Market Size by Type (2016-2021)
 5.1.4 North America Horizontal Shrink Wrapping System Market Size by Application (2016-2021)
 5.2 East Asia
 5.2.1 East Asia Horizontal Shrink Wrapping System Market Size (2016-2021)
 5.2.2 Horizontal Shrink Wrapping System Key Players in East Asia (2016-2021)
 5.2.3 East Asia Horizontal Shrink Wrapping System Market Size by Type (2016-2021)
 5.2.4 East Asia Horizontal Shrink Wrapping System Market Size by Application (2016-2021)
 5.3 Europe
 5.3.1 Europe Horizontal Shrink Wrapping System Market Size (2016-2021)
 5.3.2 Horizontal Shrink Wrapping System Key Players in Europe (2016-2021)
 5.3.3 Europe Horizontal Shrink Wrapping System Market Size by Type (2016-2021)
 5.3.4 Europe Horizontal Shrink Wrapping System Market Size by Application (2016-2021)
 5.4 South Asia
 5.4.1 South Asia Horizontal Shrink Wrapping System Market Size (2016-2021)
 5.4.2 Horizontal Shrink Wrapping System Key Players in South Asia (2016-2021)
 5.4.3 South Asia Horizontal Shrink Wrapping System Market Size by Type (2016-2021)
 5.4.4 South Asia Horizontal Shrink Wrapping System Market Size by Application (2016-2021)
 5.5 Southeast Asia
 5.5.1 Southeast Asia Horizontal Shrink Wrapping System Market Size (2016-2021)
 5.5.2 Horizontal Shrink Wrapping System Key Players in Southeast Asia (2016-2021)
 5.5.3 Southeast Asia Horizontal Shrink Wrapping System Market Size by Type (2016-2021)
 5.5.4 Southeast Asia Horizontal Shrink Wrapping System Market Size by Application (2016-2021)
 5.6 Middle East
 5.6.1 Middle East Horizontal Shrink Wrapping System Market Size (2016-2021)
 5.6.2 Horizontal Shrink Wrapping System Key Players in Middle East (2016-2021)
 5.6.3 Middle East Horizontal Shrink Wrapping System Market Size by Type (2016-2021)
 5.6.4 Middle East Horizontal Shrink Wrapping System Market Size by Application (2016-2021)
 5.7 Africa
 5.7.1 Africa Horizontal Shrink Wrapping System Market Size (2016-2021)
 5.7.2 Horizontal Shrink Wrapping System Key Players in Africa (2016-2021)
 5.7.3 Africa Horizontal Shrink Wrapping System Market Size by Type (2016-2021)
 5.7.4 Africa Horizontal Shrink Wrapping System Market Size by Application (2016-2021)
 5.8 Oceania
 5.8.1 Oceania Horizontal Shrink Wrapping System Market Size (2016-2021)
 5.8.2 Horizontal Shrink Wrapping System Key Players in Oceania (2016-2021)
 5.8.3 Oceania Horizontal Shrink Wrapping System Market Size by Type (2016-2021)
 5.8.4 Oceania Horizontal Shrink Wrapping System Market Size by Application (2016-2021)
 5.9 South America
 5.9.1 South America Horizontal Shrink Wrapping System Market Size (2016-2021)
 5.9.2 Horizontal Shrink Wrapping System Key Players in South America (2016-2021)
 5.9.3 South America Horizontal Shrink Wrapping System Market Size by Type (2016-2021)
 5.9.4 South America Horizontal Shrink Wrapping System Market Size by Application (2016-2021)
 5.10 Rest of the World
 5.10.1 Rest of the World Horizontal Shrink Wrapping System Market Size (2016-2021)
 5.10.2 Horizontal Shrink Wrapping System Key Players in Rest of the World (2016-2021)
 5.10.3 Rest of the World Horizontal Shrink Wrapping System Market Size by Type (2016-2021)
 5.10.4 Rest of the World Horizontal Shrink Wrapping System Market Size by Application (2016-2021)
 6 Global Horizontal Shrink Wrapping System Consumption by Region (2016-2021)
 6.1 North America
 6.1.1 North America Horizontal Shrink Wrapping System Consumption by Countries
 6.1.2 United States
 6.1.3 Canada
 6.1.4 Mexico
 6.2 East Asia
 6.2.1 East Asia Horizontal Shrink Wrapping System Consumption by Countries
 6.2.2 China
 6.2.3 Japan
 6.2.4 South Korea
 6.3 Europe
 6.3.1 Europe Horizontal Shrink Wrapping System Consumption by Countries
 6.3.2 Germany
 6.3.3 United Kingdom
 6.3.4 France
 6.3.5 Italy
 6.3.6 Russia
 6.3.7 Spain
 6.3.8 Netherlands
 6.3.9 Switzerland
 6.3.10 Poland
 6.4 South Asia
 6.4.1 South Asia Horizontal Shrink Wrapping System Consumption by Countries
 6.4.2 India
 6.5 Southeast Asia
 6.5.1 Southeast Asia Horizontal Shrink Wrapping System Consumption by Countries
 6.5.2 Indonesia
 6.5.3 Thailand
 6.5.4 Singapore
 6.5.5 Malaysia
 6.5.6 Philippines
 6.6 Middle East
 6.6.1 Middle East Horizontal Shrink Wrapping System Consumption by Countries
 6.6.2 Turkey
 6.6.3 Saudi Arabia
 6.6.4 Iran
 6.6.5 United Arab Emirates
 6.7 Africa
 6.7.1 Africa Horizontal Shrink Wrapping System Consumption by Countries
 6.7.2 Nigeria
 6.7.3 South Africa
 6.8 Oceania
 6.8.1 Oceania Horizontal Shrink Wrapping System Consumption by Countries
 6.8.2 Australia
 6.9 South America
 6.9.1 South America Horizontal Shrink Wrapping System Consumption by Countries
 6.9.2 Brazil
 6.9.3 Argentina
 6.10 Rest of the World
 6.10.1 Rest of the World Horizontal Shrink Wrapping System Consumption by Countries
 7 Global Horizontal Shrink Wrapping System Production Forecast by Regions (2022-2027)
 7.1 Global Forecasted Production of Horizontal Shrink Wrapping System (2022-2027)
 7.2 Global Forecasted Revenue of Horizontal Shrink Wrapping System (2022-2027)
 7.3 Global Forecasted Price of Horizontal Shrink Wrapping System (2022-2027)
 7.4 Global Forecasted Production of Horizontal Shrink Wrapping System by Region (2022-2027)
 7.4.1 North America Horizontal Shrink Wrapping System Production, Revenue Forecast (2022-2027)
 7.4.2 East Asia Horizontal Shrink Wrapping System Production, Revenue Forecast (2022-2027)
 7.4.3 Europe Horizontal Shrink Wrapping System Production, Revenue Forecast (2022-2027)
 7.4.4 South Asia Horizontal Shrink Wrapping System Production, Revenue Forecast (2022-2027)
 7.4.5 Southeast Asia Horizontal Shrink Wrapping System Production, Revenue Forecast (2022-2027)
 7.4.6 Middle East Horizontal Shrink Wrapping System Production, Revenue Forecast (2022-2027)
 7.4.7 Africa Horizontal Shrink Wrapping System Production, Revenue Forecast (2022-2027)
 7.4.8 Oceania Horizontal Shrink Wrapping System Production, Revenue Forecast (2022-2027)
 7.4.9 South America Horizontal Shrink Wrapping System Production, Revenue Forecast (2022-2027)
 7.4.10 Rest of the World Horizontal Shrink Wrapping System Production, Revenue Forecast (2022-2027)
 7.5 Forecast by Type and by Application (2022-2027)
 7.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2022-2027)
 7.5.2 Global Forecasted Consumption of Horizontal Shrink Wrapping System by Application (2022-2027)
 8 Global Horizontal Shrink Wrapping System Consumption Forecast by Regions (2022-2027)
 8.1 North America Forecasted Consumption of Horizontal Shrink Wrapping System by Country
 8.2 East Asia Market Forecasted Consumption of Horizontal Shrink Wrapping System by Country
 8.3 Europe Market Forecasted Consumption of Horizontal Shrink Wrapping System by Countriy
 8.4 South Asia Forecasted Consumption of Horizontal Shrink Wrapping System by Country
 8.5 Southeast Asia Forecasted Consumption of Horizontal Shrink Wrapping System by Country
 8.6 Middle East Forecasted Consumption of Horizontal Shrink Wrapping System by Country
 8.7 Africa Forecasted Consumption of Horizontal Shrink Wrapping System by Country
 8.8 Oceania Forecasted Consumption of Horizontal Shrink Wrapping System by Country
 8.9 South America Forecasted Consumption of Horizontal Shrink Wrapping System by Country
 8.10 Rest of the world Forecasted Consumption of Horizontal Shrink Wrapping System by Country
 9 Global Horizontal Shrink Wrapping System Sales by Type (2016-2027)
 9.1 Global Horizontal Shrink Wrapping System Historic Market Size by Type (2016-2021)
 9.2 Global Horizontal Shrink Wrapping System Forecasted Market Size by Type (2022-2027)
 10 Global Horizontal Shrink Wrapping System Consumption by Application (2016-2027)
 10.1 Global Horizontal Shrink Wrapping System Historic Market Size by Application (2016-2021)
 10.2 Global Horizontal Shrink Wrapping System Forecasted Market Size by Application (2022-2027)
 11 Global Horizontal Shrink Wrapping System Manufacturing Cost Analysis
 11.1 Horizontal Shrink Wrapping System Key Raw Materials Analysis
 11.1.1 Key Raw Materials
 11.2 Proportion of Manufacturing Cost Structure
 11.3 Manufacturing Process Analysis of Horizontal Shrink Wrapping System
 12 Global Horizontal Shrink Wrapping System Marketing Channel, Distributors, Customers and Supply Chain
 12.1 Marketing Channel
 12.2 Horizontal Shrink Wrapping System Distributors List
 12.3 Horizontal Shrink Wrapping System Customers
 12.4 Horizontal Shrink Wrapping System Supply Chain Analysis
 13 Analyst's Viewpoints/Conclusions
 14 Disclaimer

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