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Global Tissue Paper Converting Machines Market Size, Manufacturers, Opportunities and Forecast to 2030

April 2024 | 126 pages | ID: GD7CCC1F2A6CEN
APO Research

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Tissue Paper Converting Machines is a variety of machines used in the production of Tissue Paper, including Rewinder, Unwinder, Folding Machine, Corewinder, etc.

According to APO Research, The global Tissue Paper Converting Machines market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

Global Tissue Paper Converting Machines key players include Fabio Perini S.p.A., PCMC, BaoSuo Paper Machinery, Dechangyu Paper Machinery, Wangda Industrial, etc. Global top five manufacturers hold a share over 35%. China is the largest market, with a share over 35%.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Tissue Paper Converting Machines, 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 Tissue Paper Converting Machines.

The Tissue Paper Converting Machines market size, estimations, and forecasts are provided in terms of sales volume (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Tissue Paper Converting Machines 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.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:
  • Fabio Perini S.p.A.
  • Bretting Manufacturing
  • PCMC
  • BaoSuo Paper Machinery
  • A.Celli Group
  • Gambini S.p.A
  • Zambak Kagit
  • Dechangyu Paper Machinery
  • Futura S.p.A.
  • Mtorres
  • Kawanoe Zoki
  • United Converting S.R.L.
  • Omet S.R.L.
  • 9.Septembar
  • Wangda Industrial
  • Chan Li Machinery
  • Maflex S.R.L.
  • Unimax Group
  • Tissuewell S.R.L.
  • Hinnli
Tissue Paper Converting Machines segment by Type
  • Toilet Rolls Lines
  • Kitchen Rolls Lines
  • Paper Napkin Lines
  • Tissue Fold Lines
  • Standalone System
Tissue Paper Converting Machines segment by Application
  • Fully Automatic
  • Semi-Automatic
Tissue Paper Converting Machines Segment by Region
  • North America
  • U.S.
  • 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
Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. 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 Tissue Paper Converting Machines 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.

2. This report will help stakeholders to understand the global industry status and trends of Tissue Paper Converting Machines and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. 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.

4. This report stays updated with novel technology integration, features, and the latest developments in the market

5. This report helps stakeholders to gain insights into which regions to target globally

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Tissue Paper Converting Machines.

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Chapter 2: 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 3: Detailed analysis of Tissue Paper Converting Machines manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter 4: Sales, revenue of Tissue Paper Converting Machines in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.

Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

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, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.

Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.

Chapter 13: Concluding Insights of the report.
1 MARKET OVERVIEW

1.1 Product Definition
1.2 Global Market Growth Prospects
  1.2.1 Global Tissue Paper Converting Machines Market Size Estimates and Forecasts (2019-2030)
  1.2.2 Global Tissue Paper Converting Machines Sales Estimates and Forecasts (2019-2030)
1.3 Tissue Paper Converting Machines Market by Type
  1.3.1 Toilet Rolls Lines
  1.3.2 Kitchen Rolls Lines
  1.3.3 Paper Napkin Lines
  1.3.4 Tissue Fold Lines
  1.3.5 Standalone System
1.4 Global Tissue Paper Converting Machines Market Size by Type
  1.4.1 Global Tissue Paper Converting Machines Market Size Overview by Type (2019-2030)
  1.4.2 Global Tissue Paper Converting Machines Historic Market Size Review by Type (2019-2024)
  1.4.3 Global Tissue Paper Converting Machines Forecasted Market Size by Type (2025-2030)
1.5 Key Regions Market Size by Type
  1.5.1 North America Tissue Paper Converting Machines Sales Breakdown by Type (2019-2024)
  1.5.2 Europe Tissue Paper Converting Machines Sales Breakdown by Type (2019-2024)
  1.5.3 Asia-Pacific Tissue Paper Converting Machines Sales Breakdown by Type (2019-2024)
  1.5.4 Latin America Tissue Paper Converting Machines Sales Breakdown by Type (2019-2024)
  1.5.5 Middle East and Africa Tissue Paper Converting Machines Sales Breakdown by Type (2019-2024)

2 GLOBAL MARKET DYNAMICS

2.1 Tissue Paper Converting Machines Industry Trends
2.2 Tissue Paper Converting Machines Industry Drivers
2.3 Tissue Paper Converting Machines Industry Opportunities and Challenges
2.4 Tissue Paper Converting Machines Industry Restraints

3 MARKET COMPETITIVE LANDSCAPE BY COMPANY

3.1 Global Top Players by Tissue Paper Converting Machines Revenue (2019-2024)
3.2 Global Top Players by Tissue Paper Converting Machines Sales (2019-2024)
3.3 Global Top Players by Tissue Paper Converting Machines Price (2019-2024)
3.4 Global Tissue Paper Converting Machines Industry Company Ranking, 2022 VS 2023 VS 2024
3.5 Global Tissue Paper Converting Machines Key Company Manufacturing Sites & Headquarters
3.6 Global Tissue Paper Converting Machines Company, Product Type & Application
3.7 Global Tissue Paper Converting Machines Company Commercialization Time
3.8 Market Competitive Analysis
  3.8.1 Global Tissue Paper Converting Machines Market CR5 and HHI
  3.8.2 Global Top 5 and 10 Tissue Paper Converting Machines Players Market Share by Revenue in 2023
  3.8.3 2023 Tissue Paper Converting Machines Tier 1, Tier 2, and Tier

4 TISSUE PAPER CONVERTING MACHINES REGIONAL STATUS AND OUTLOOK

4.1 Global Tissue Paper Converting Machines Market Size and CAGR by Region: 2019 VS 2023 VS 2030
4.2 Global Tissue Paper Converting Machines Historic Market Size by Region
  4.2.1 Global Tissue Paper Converting Machines Sales in Volume by Region (2019-2024)
  4.2.2 Global Tissue Paper Converting Machines Sales in Value by Region (2019-2024)
  4.2.3 Global Tissue Paper Converting Machines Sales (Volume & Value), Price and Gross Margin (2019-2024)
4.3 Global Tissue Paper Converting Machines Forecasted Market Size by Region
  4.3.1 Global Tissue Paper Converting Machines Sales in Volume by Region (2025-2030)
  4.3.2 Global Tissue Paper Converting Machines Sales in Value by Region (2025-2030)
  4.3.3 Global Tissue Paper Converting Machines Sales (Volume & Value), Price and Gross Margin (2025-2030)

5 TISSUE PAPER CONVERTING MACHINES BY APPLICATION

5.1 Tissue Paper Converting Machines Market by Application
  5.1.1 Fully Automatic
  5.1.2 Semi-Automatic
5.2 Global Tissue Paper Converting Machines Market Size by Application
  5.2.1 Global Tissue Paper Converting Machines Market Size Overview by Application (2019-2030)
  5.2.2 Global Tissue Paper Converting Machines Historic Market Size Review by Application (2019-2024)
  5.2.3 Global Tissue Paper Converting Machines Forecasted Market Size by Application (2025-2030)
5.3 Key Regions Market Size by Application
  5.3.1 North America Tissue Paper Converting Machines Sales Breakdown by Application (2019-2024)
  5.3.2 Europe Tissue Paper Converting Machines Sales Breakdown by Application (2019-2024)
  5.3.3 Asia-Pacific Tissue Paper Converting Machines Sales Breakdown by Application (2019-2024)
  5.3.4 Latin America Tissue Paper Converting Machines Sales Breakdown by Application (2019-2024)
  5.3.5 Middle East and Africa Tissue Paper Converting Machines Sales Breakdown by Application (2019-2024)

6 COMPANY PROFILES

6.1 Fabio Perini S.p.A.
  6.1.1 Fabio Perini S.p.A. Comapny Information
  6.1.2 Fabio Perini S.p.A. Business Overview
  6.1.3 Fabio Perini S.p.A. Tissue Paper Converting Machines Sales, Revenue and Gross Margin (2019-2024)
  6.1.4 Fabio Perini S.p.A. Tissue Paper Converting Machines Product Portfolio
  6.1.5 Fabio Perini S.p.A. Recent Developments
6.2 Bretting Manufacturing
  6.2.1 Bretting Manufacturing Comapny Information
  6.2.2 Bretting Manufacturing Business Overview
  6.2.3 Bretting Manufacturing Tissue Paper Converting Machines Sales, Revenue and Gross Margin (2019-2024)
  6.2.4 Bretting Manufacturing Tissue Paper Converting Machines Product Portfolio
  6.2.5 Bretting Manufacturing Recent Developments
6.3 PCMC
  6.3.1 PCMC Comapny Information
  6.3.2 PCMC Business Overview
  6.3.3 PCMC Tissue Paper Converting Machines Sales, Revenue and Gross Margin (2019-2024)
  6.3.4 PCMC Tissue Paper Converting Machines Product Portfolio
  6.3.5 PCMC Recent Developments
6.4 BaoSuo Paper Machinery
  6.4.1 BaoSuo Paper Machinery Comapny Information
  6.4.2 BaoSuo Paper Machinery Business Overview
  6.4.3 BaoSuo Paper Machinery Tissue Paper Converting Machines Sales, Revenue and Gross Margin (2019-2024)
  6.4.4 BaoSuo Paper Machinery Tissue Paper Converting Machines Product Portfolio
  6.4.5 BaoSuo Paper Machinery Recent Developments
6.5 A.Celli Group
  6.5.1 A.Celli Group Comapny Information
  6.5.2 A.Celli Group Business Overview
  6.5.3 A.Celli Group Tissue Paper Converting Machines Sales, Revenue and Gross Margin (2019-2024)
  6.5.4 A.Celli Group Tissue Paper Converting Machines Product Portfolio
  6.5.5 A.Celli Group Recent Developments
6.6 Gambini S.p.A
  6.6.1 Gambini S.p.A Comapny Information
  6.6.2 Gambini S.p.A Business Overview
  6.6.3 Gambini S.p.A Tissue Paper Converting Machines Sales, Revenue and Gross Margin (2019-2024)
  6.6.4 Gambini S.p.A Tissue Paper Converting Machines Product Portfolio
  6.6.5 Gambini S.p.A Recent Developments
6.7 Zambak Kagit
  6.7.1 Zambak Kagit Comapny Information
  6.7.2 Zambak Kagit Business Overview
  6.7.3 Zambak Kagit Tissue Paper Converting Machines Sales, Revenue and Gross Margin (2019-2024)
  6.7.4 Zambak Kagit Tissue Paper Converting Machines Product Portfolio
  6.7.5 Zambak Kagit Recent Developments
6.8 Dechangyu Paper Machinery
  6.8.1 Dechangyu Paper Machinery Comapny Information
  6.8.2 Dechangyu Paper Machinery Business Overview
  6.8.3 Dechangyu Paper Machinery Tissue Paper Converting Machines Sales, Revenue and Gross Margin (2019-2024)
  6.8.4 Dechangyu Paper Machinery Tissue Paper Converting Machines Product Portfolio
  6.8.5 Dechangyu Paper Machinery Recent Developments
6.9 Futura S.p.A.
  6.9.1 Futura S.p.A. Comapny Information
  6.9.2 Futura S.p.A. Business Overview
  6.9.3 Futura S.p.A. Tissue Paper Converting Machines Sales, Revenue and Gross Margin (2019-2024)
  6.9.4 Futura S.p.A. Tissue Paper Converting Machines Product Portfolio
  6.9.5 Futura S.p.A. Recent Developments
6.10 Mtorres
  6.10.1 Mtorres Comapny Information
  6.10.2 Mtorres Business Overview
  6.10.3 Mtorres Tissue Paper Converting Machines Sales, Revenue and Gross Margin (2019-2024)
  6.10.4 Mtorres Tissue Paper Converting Machines Product Portfolio
  6.10.5 Mtorres Recent Developments
6.11 Kawanoe Zoki
  6.11.1 Kawanoe Zoki Comapny Information
  6.11.2 Kawanoe Zoki Business Overview
  6.11.3 Kawanoe Zoki Tissue Paper Converting Machines Sales, Revenue and Gross Margin (2019-2024)
  6.11.4 Kawanoe Zoki Tissue Paper Converting Machines Product Portfolio
  6.11.5 Kawanoe Zoki Recent Developments
6.12 United Converting S.R.L.
  6.12.1 United Converting S.R.L. Comapny Information
  6.12.2 United Converting S.R.L. Business Overview
  6.12.3 United Converting S.R.L. Tissue Paper Converting Machines Sales, Revenue and Gross Margin (2019-2024)
  6.12.4 United Converting S.R.L. Tissue Paper Converting Machines Product Portfolio
  6.12.5 United Converting S.R.L. Recent Developments
6.13 Omet S.R.L.
  6.13.1 Omet S.R.L. Comapny Information
  6.13.2 Omet S.R.L. Business Overview
  6.13.3 Omet S.R.L. Tissue Paper Converting Machines Sales, Revenue and Gross Margin (2019-2024)
  6.13.4 Omet S.R.L. Tissue Paper Converting Machines Product Portfolio
  6.13.5 Omet S.R.L. Recent Developments
6.14 9.Septembar
  6.14.1 9.Septembar Comapny Information
  6.14.2 9.Septembar Business Overview
  6.14.3 9.Septembar Tissue Paper Converting Machines Sales, Revenue and Gross Margin (2019-2024)
  6.14.4 9.Septembar Tissue Paper Converting Machines Product Portfolio
  6.14.5 9.Septembar Recent Developments
6.15 Wangda Industrial
  6.15.1 Wangda Industrial Comapny Information
  6.15.2 Wangda Industrial Business Overview
  6.15.3 Wangda Industrial Tissue Paper Converting Machines Sales, Revenue and Gross Margin (2019-2024)
  6.15.4 Wangda Industrial Tissue Paper Converting Machines Product Portfolio
  6.15.5 Wangda Industrial Recent Developments
6.16 Chan Li Machinery
  6.16.1 Chan Li Machinery Comapny Information
  6.16.2 Chan Li Machinery Business Overview
  6.16.3 Chan Li Machinery Tissue Paper Converting Machines Sales, Revenue and Gross Margin (2019-2024)
  6.16.4 Chan Li Machinery Tissue Paper Converting Machines Product Portfolio
  6.16.5 Chan Li Machinery Recent Developments
6.17 Maflex S.R.L.
  6.17.1 Maflex S.R.L. Comapny Information
  6.17.2 Maflex S.R.L. Business Overview
  6.17.3 Maflex S.R.L. Tissue Paper Converting Machines Sales, Revenue and Gross Margin (2019-2024)
  6.17.4 Maflex S.R.L. Tissue Paper Converting Machines Product Portfolio
  6.17.5 Maflex S.R.L. Recent Developments
6.18 Unimax Group
  6.18.1 Unimax Group Comapny Information
  6.18.2 Unimax Group Business Overview
  6.18.3 Unimax Group Tissue Paper Converting Machines Sales, Revenue and Gross Margin (2019-2024)
  6.18.4 Unimax Group Tissue Paper Converting Machines Product Portfolio
  6.18.5 Unimax Group Recent Developments
6.19 Tissuewell S.R.L.
  6.19.1 Tissuewell S.R.L. Comapny Information
  6.19.2 Tissuewell S.R.L. Business Overview
  6.19.3 Tissuewell S.R.L. Tissue Paper Converting Machines Sales, Revenue and Gross Margin (2019-2024)
  6.19.4 Tissuewell S.R.L. Tissue Paper Converting Machines Product Portfolio
  6.19.5 Tissuewell S.R.L. Recent Developments
6.20 Hinnli
  6.20.1 Hinnli Comapny Information
  6.20.2 Hinnli Business Overview
  6.20.3 Hinnli Tissue Paper Converting Machines Sales, Revenue and Gross Margin (2019-2024)
  6.20.4 Hinnli Tissue Paper Converting Machines Product Portfolio
  6.20.5 Hinnli Recent Developments

7 NORTH AMERICA BY COUNTRY

7.1 North America Tissue Paper Converting Machines Sales by Country
  7.1.1 North America Tissue Paper Converting Machines Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  7.1.2 North America Tissue Paper Converting Machines Sales by Country (2019-2024)
  7.1.3 North America Tissue Paper Converting Machines Sales Forecast by Country (2025-2030)
7.2 North America Tissue Paper Converting Machines Market Size by Country
  7.2.1 North America Tissue Paper Converting Machines Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  7.2.2 North America Tissue Paper Converting Machines Market Size by Country (2019-2024)
  7.2.3 North America Tissue Paper Converting Machines Market Size Forecast by Country (2025-2030)

8 EUROPE BY COUNTRY

8.1 Europe Tissue Paper Converting Machines Sales by Country
  8.1.1 Europe Tissue Paper Converting Machines Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  8.1.2 Europe Tissue Paper Converting Machines Sales by Country (2019-2024)
  8.1.3 Europe Tissue Paper Converting Machines Sales Forecast by Country (2025-2030)
8.2 Europe Tissue Paper Converting Machines Market Size by Country
  8.2.1 Europe Tissue Paper Converting Machines Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  8.2.2 Europe Tissue Paper Converting Machines Market Size by Country (2019-2024)
  8.2.3 Europe Tissue Paper Converting Machines Market Size Forecast by Country (2025-2030)

9 ASIA-PACIFIC BY COUNTRY

9.1 Asia-Pacific Tissue Paper Converting Machines Sales by Country
  9.1.1 Asia-Pacific Tissue Paper Converting Machines Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  9.1.2 Asia-Pacific Tissue Paper Converting Machines Sales by Country (2019-2024)
  9.1.3 Asia-Pacific Tissue Paper Converting Machines Sales Forecast by Country (2025-2030)
9.2 Asia-Pacific Tissue Paper Converting Machines Market Size by Country
  9.2.1 Asia-Pacific Tissue Paper Converting Machines Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  9.2.2 Asia-Pacific Tissue Paper Converting Machines Market Size by Country (2019-2024)
  9.2.3 Asia-Pacific Tissue Paper Converting Machines Market Size Forecast by Country (2025-2030)

10 LATIN AMERICA BY COUNTRY

10.1 Latin America Tissue Paper Converting Machines Sales by Country
  10.1.1 Latin America Tissue Paper Converting Machines Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  10.1.2 Latin America Tissue Paper Converting Machines Sales by Country (2019-2024)
  10.1.3 Latin America Tissue Paper Converting Machines Sales Forecast by Country (2025-2030)
10.2 Latin America Tissue Paper Converting Machines Market Size by Country
  10.2.1 Latin America Tissue Paper Converting Machines Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  10.2.2 Latin America Tissue Paper Converting Machines Market Size by Country (2019-2024)
  10.2.3 Latin America Tissue Paper Converting Machines Market Size Forecast by Country (2025-2030)

11 MIDDLE EAST AND AFRICA BY COUNTRY

11.1 Middle East and Africa Tissue Paper Converting Machines Sales by Country
  11.1.1 Middle East and Africa Tissue Paper Converting Machines Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  11.1.2 Middle East and Africa Tissue Paper Converting Machines Sales by Country (2019-2024)
  11.1.3 Middle East and Africa Tissue Paper Converting Machines Sales Forecast by Country (2025-2030)
11.2 Middle East and Africa Tissue Paper Converting Machines Market Size by Country
  11.2.1 Middle East and Africa Tissue Paper Converting Machines Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  11.2.2 Middle East and Africa Tissue Paper Converting Machines Market Size by Country (2019-2024)
  11.2.3 Middle East and Africa Tissue Paper Converting Machines Market Size Forecast by Country (2025-2030)

12 VALUE CHAIN AND SALES CHANNELS ANALYSIS

12.1 Tissue Paper Converting Machines Value Chain Analysis
  12.1.1 Tissue Paper Converting Machines Key Raw Materials
  12.1.2 Key Raw Materials Price
  12.1.3 Raw Materials Key Suppliers
  12.1.4 Manufacturing Cost Structure
  12.1.5 Tissue Paper Converting Machines Production Mode & Process
12.2 Tissue Paper Converting Machines Sales Channels Analysis
  12.2.1 Direct Comparison with Distribution Share
  12.2.2 Tissue Paper Converting Machines Distributors
  12.2.3 Tissue Paper Converting Machines Customers

13 CONCLUDING INSIGHTS

14 APPENDIX

14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
  14.5.1 Secondary Sources
  14.5.2 Primary Sources
14.6 Disclaimer


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