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レポート概要
粉末&顆粒充填機市場レポートは、世界の市場規模、地域および国レベルの市場規模、セグメント市場の成長性、市場シェア、競争環境、販売分析、国内および世界の市場プレーヤーの影響、バリューチェーンの最適化、最近の動向、機会分析、市場成長の戦略的な分析、製品発売、地域市場の拡大などに関する情報を提供します。 GlobalInfoResearchの最新の調査によると、世界の粉末&顆粒充填機の市場規模は2021年のxxx米ドルから2028年にはxxx米ドルと推定され、xxx%の成長率で成長すると予想されます。 粉末&顆粒充填機市場は種類と用途によって区分されます。2017年~2028年において、量と金額の観点から種類別および用途別セグメントの売上予測データを提供します。この分析は、適格なニッチ市場をターゲットにすることでビジネスを拡大するのに役立ちます。 種類別セグメントは次をカバーします。 ・自動粉末&顆粒充填機、半自動粉末&顆粒充填機 用途別セグメントは次のように区分されます。 ・製薬業、食品業、化粧品業、化学工業、その他 世界の粉末&顆粒充填機市場の主要な市場プレーヤーは以下のとおりです。 ・Shree Bhagwati Machtech、Accutek、AUGER ENTERPRISE、Multi Pack、All-Fill、Mahalaxmi Machines、Spee-Dee、Finopack、Indomation Engineers、AMS Filling、PER-FIL Industries、PMR、Paxiom、JBT、Optima、Premier Tech、Nalbach Engineering、Kinematics & Controls、NEXT PACKAGING、J.L.Lennard、Ashvani Packaging、Fill2 Package Machinery、Autopack Global 地域別セグメントは次の地域・国をカバーします。 ・北米(米国、カナダ、メキシコ) ・ヨーロッパ(ドイツ、フランス、イギリス、ロシア、イタリア) ・アジア太平洋(日本、中国、韓国、インド、東南アジア、オーストラリア) ・南アメリカ(ブラジル、アルゼンチン、コロンビア) ・中東およびアフリカ(サウジアラビア、UAE、エジプト、南アフリカ) 本調査レポートの内容は計15章あります。 ・第1章では、粉末&顆粒充填機製品の調査範囲、市場の概要、市場の成長要因・阻害要因、および市場動向について説明します。 ・第2章では、主要な粉末&顆粒充填機メーカーの企業概要、2019年~2022年までの粉末&顆粒充填機の価格、販売量、売上、市場シェアを掲載しています。 ・第3章では、主要な粉末&顆粒充填機メーカーの競争状況、販売量、売上、世界市場シェアが重点的に比較分析されています。 ・第4章では、2017年~2028年までの地域別粉末&顆粒充填機の販売量、売上、成長性を示しています。 ・第5、6章では、2017年~2028年までの粉末&顆粒充填機の種類別と用途別の市場規模、市場シェアと成長率を掲載しています。 ・第7、8、9、10、11章では、2017年~2022年までの世界の主要国での販売量、売上、市場シェア、並びに2023年~2028年までの主要地域での粉末&顆粒充填機市場予測を収録しています。 ・第12章では、主要な原材料、主要なサプライヤー、および粉末&顆粒充填機の産業チェーンを掲載しています。 ・第13、14、15章では、粉末&顆粒充填機の販売チャネル、販売業者、顧客、調査結果と結論、付録、データソースなどについて説明します。 ***** 目次(一部) ***** ・市場概要 ・メーカー情報(企業概要、製品概要、販売量、価格、売上):Shree Bhagwati Machtech、Accutek、AUGER ENTERPRISE、Multi Pack、All-Fill、Mahalaxmi Machines、Spee-Dee、Finopack、Indomation Engineers、AMS Filling、PER-FIL Industries、PMR、Paxiom、JBT、Optima、Premier Tech、Nalbach Engineering、Kinematics & Controls、NEXT PACKAGING、J.L.Lennard、Ashvani Packaging、Fill2 Package Machinery、Autopack Global ・メーカー別市場シェア ・地域別市場分析2017年-2028年 ・種類別分析2017年-2028年:自動粉末&顆粒充填機、半自動粉末&顆粒充填機 ・用途別分析2017年-2028年:製薬業、食品業、化粧品業、化学工業、その他 ・粉末&顆粒充填機の北米市場規模2017年-2028年:アメリカ、カナダ、メキシコ ・粉末&顆粒充填機のヨーロッパ市場規模2017年-2028年:ドイツ、イギリス、フランス、ロシア、イタリア ・粉末&顆粒充填機のアジア市場規模2017年-2028年:中国、日本、韓国、インド、東南アジア、オーストラリア ・粉末&顆粒充填機の南米市場規模2017年-2028年:ブラジル、アルゼンチン ・粉末&顆粒充填機の中東・アフリカ市場規模2017年-2028年:サウジアラビア、トルコ、エジプト、南アフリカ ・原材料および産業チェーン ・販売チャネル、流通業者・代理店、顧客リスト ・調査の結果・結論 |
The Powder and Granule Filling Machine market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.
According to our (Global Info Research) latest study, due to COVID-19 pandemic, the global Powder and Granule Filling Machine market size is estimated to be worth US$ million in 2021 and is forecast to a readjusted size of USD million by 2028 with a CAGR of % during review period. Pharmaceutical Industry accounting for % of the Powder and Granule Filling Machine global market in 2021, is projected to value USD million by 2028, growing at a % CAGR in next six years. While Automatic Powder & Granule Filling Machine segment is altered to a % CAGR between 2022 and 2028.
Global key manufacturers of Powder and Granule Filling Machine include Shree Bhagwati Machtech, Accutek, AUGER ENTERPRISE, Multi Pack, and All-Fill, etc. In terms of revenue, the global top four players hold a share over % in 2021.
Market segmentation
Powder and Granule Filling Machine market is split by Type and by Application. For the period 2017-2028, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type, covers
Automatic Powder & Granule Filling Machine
Semi-automatic Powder & Granule Filling Machine
Market segment by Application can be divided into
Pharmaceutical Industry
Food Industry
Cosmetic Industry
Chemical Industry
Others
The key market players for global Powder and Granule Filling Machine market are listed below:
Shree Bhagwati Machtech
Accutek
AUGER ENTERPRISE
Multi Pack
All-Fill
Mahalaxmi Machines
Spee-Dee
Finopack
Indomation Engineers
AMS Filling
PER-FIL Industries
PMR
Paxiom
JBT
Optima
Premier Tech
Nalbach Engineering
Kinematics & Controls
NEXT PACKAGING
J.L.Lennard
Ashvani Packaging
Fill2 Package Machinery
Autopack Global
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Powder and Granule Filling Machine product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Powder and Granule Filling Machine, with price, sales, revenue and global market share of Powder and Granule Filling Machine from 2019 to 2022.
Chapter 3, the Powder and Granule Filling Machine competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Powder and Granule Filling Machine breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2017 to 2028.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2017 to 2028.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2017 to 2022.and Powder and Granule Filling Machine market forecast, by regions, type and application, with sales and revenue, from 2023 to 2028.
Chapter 12, the key raw materials and key suppliers, and industry chain of Powder and Granule Filling Machine.
Chapter 13, 14, and 15, to describe Powder and Granule Filling Machine sales channel, distributors, customers, research findings and conclusion, appendix and data source.
1 Market Overview
1.1 Powder and Granule Filling Machine Introduction
1.2 Market Analysis by Type
1.2.1 Overview: Global Powder and Granule Filling Machine Revenue by Type: 2017 Versus 2021 Versus 2028
1.2.2 Automatic Powder & Granule Filling Machine
1.2.3 Semi-automatic Powder & Granule Filling Machine
1.3 Market Analysis by Application
1.3.1 Overview: Global Powder and Granule Filling Machine Revenue by Application: 2017 Versus 2021 Versus 2028
1.3.2 Pharmaceutical Industry
1.3.3 Food Industry
1.3.4 Cosmetic Industry
1.3.5 Chemical Industry
1.3.6 Others
1.4 Global Powder and Granule Filling Machine Market Size & Forecast
1.4.1 Global Powder and Granule Filling Machine Sales in Value (2017 & 2021 & 2028)
1.4.2 Global Powder and Granule Filling Machine Sales in Volume (2017-2028)
1.4.3 Global Powder and Granule Filling Machine Price (2017-2028)
1.5 Global Powder and Granule Filling Machine Production Capacity Analysis
1.5.1 Global Powder and Granule Filling Machine Total Production Capacity (2017-2028)
1.5.2 Global Powder and Granule Filling Machine Production Capacity by Geographic Region
1.6 Market Drivers, Restraints and Trends
1.6.1 Powder and Granule Filling Machine Market Drivers
1.6.2 Powder and Granule Filling Machine Market Restraints
1.6.3 Powder and Granule Filling Machine Trends Analysis
2 Manufacturers Profiles
2.1 Shree Bhagwati Machtech
2.1.1 Shree Bhagwati Machtech Details
2.1.2 Shree Bhagwati Machtech Major Business
2.1.3 Shree Bhagwati Machtech Powder and Granule Filling Machine Product and Services
2.1.4 Shree Bhagwati Machtech Powder and Granule Filling Machine Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.2 Accutek
2.2.1 Accutek Details
2.2.2 Accutek Major Business
2.2.3 Accutek Powder and Granule Filling Machine Product and Services
2.2.4 Accutek Powder and Granule Filling Machine Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.3 AUGER ENTERPRISE
2.3.1 AUGER ENTERPRISE Details
2.3.2 AUGER ENTERPRISE Major Business
2.3.3 AUGER ENTERPRISE Powder and Granule Filling Machine Product and Services
2.3.4 AUGER ENTERPRISE Powder and Granule Filling Machine Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.4 Multi Pack
2.4.1 Multi Pack Details
2.4.2 Multi Pack Major Business
2.4.3 Multi Pack Powder and Granule Filling Machine Product and Services
2.4.4 Multi Pack Powder and Granule Filling Machine Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.5 All-Fill
2.5.1 All-Fill Details
2.5.2 All-Fill Major Business
2.5.3 All-Fill Powder and Granule Filling Machine Product and Services
2.5.4 All-Fill Powder and Granule Filling Machine Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.6 Mahalaxmi Machines
2.6.1 Mahalaxmi Machines Details
2.6.2 Mahalaxmi Machines Major Business
2.6.3 Mahalaxmi Machines Powder and Granule Filling Machine Product and Services
2.6.4 Mahalaxmi Machines Powder and Granule Filling Machine Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.7 Spee-Dee
2.7.1 Spee-Dee Details
2.7.2 Spee-Dee Major Business
2.7.3 Spee-Dee Powder and Granule Filling Machine Product and Services
2.7.4 Spee-Dee Powder and Granule Filling Machine Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.8 Finopack
2.8.1 Finopack Details
2.8.2 Finopack Major Business
2.8.3 Finopack Powder and Granule Filling Machine Product and Services
2.8.4 Finopack Powder and Granule Filling Machine Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.9 Indomation Engineers
2.9.1 Indomation Engineers Details
2.9.2 Indomation Engineers Major Business
2.9.3 Indomation Engineers Powder and Granule Filling Machine Product and Services
2.9.4 Indomation Engineers Powder and Granule Filling Machine Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.10 AMS Filling
2.10.1 AMS Filling Details
2.10.2 AMS Filling Major Business
2.10.3 AMS Filling Powder and Granule Filling Machine Product and Services
2.10.4 AMS Filling Powder and Granule Filling Machine Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.11 PER-FIL Industries
2.11.1 PER-FIL Industries Details
2.11.2 PER-FIL Industries Major Business
2.11.3 PER-FIL Industries Powder and Granule Filling Machine Product and Services
2.11.4 PER-FIL Industries Powder and Granule Filling Machine Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.12 PMR
2.12.1 PMR Details
2.12.2 PMR Major Business
2.12.3 PMR Powder and Granule Filling Machine Product and Services
2.12.4 PMR Powder and Granule Filling Machine Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.13 Paxiom
2.13.1 Paxiom Details
2.13.2 Paxiom Major Business
2.13.3 Paxiom Powder and Granule Filling Machine Product and Services
2.13.4 Paxiom Powder and Granule Filling Machine Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.14 JBT
2.14.1 JBT Details
2.14.2 JBT Major Business
2.14.3 JBT Powder and Granule Filling Machine Product and Services
2.14.4 JBT Powder and Granule Filling Machine Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.15 Optima
2.15.1 Optima Details
2.15.2 Optima Major Business
2.15.3 Optima Powder and Granule Filling Machine Product and Services
2.15.4 Optima Powder and Granule Filling Machine Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.16 Premier Tech
2.16.1 Premier Tech Details
2.16.2 Premier Tech Major Business
2.16.3 Premier Tech Powder and Granule Filling Machine Product and Services
2.16.4 Premier Tech Powder and Granule Filling Machine Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.17 Nalbach Engineering
2.17.1 Nalbach Engineering Details
2.17.2 Nalbach Engineering Major Business
2.17.3 Nalbach Engineering Powder and Granule Filling Machine Product and Services
2.17.4 Nalbach Engineering Powder and Granule Filling Machine Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.18 Kinematics & Controls
2.18.1 Kinematics & Controls Details
2.18.2 Kinematics & Controls Major Business
2.18.3 Kinematics & Controls Powder and Granule Filling Machine Product and Services
2.18.4 Kinematics & Controls Powder and Granule Filling Machine Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.19 NEXT PACKAGING
2.19.1 NEXT PACKAGING Details
2.19.2 NEXT PACKAGING Major Business
2.19.3 NEXT PACKAGING Powder and Granule Filling Machine Product and Services
2.19.4 NEXT PACKAGING Powder and Granule Filling Machine Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.20 J.L.Lennard
2.20.1 J.L.Lennard Details
2.20.2 J.L.Lennard Major Business
2.20.3 J.L.Lennard Powder and Granule Filling Machine Product and Services
2.20.4 J.L.Lennard Powder and Granule Filling Machine Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.21 Ashvani Packaging
2.21.1 Ashvani Packaging Details
2.21.2 Ashvani Packaging Major Business
2.21.3 Ashvani Packaging Powder and Granule Filling Machine Product and Services
2.21.4 Ashvani Packaging Powder and Granule Filling Machine Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.22 Fill2 Package Machinery
2.22.1 Fill2 Package Machinery Details
2.22.2 Fill2 Package Machinery Major Business
2.22.3 Fill2 Package Machinery Powder and Granule Filling Machine Product and Services
2.22.4 Fill2 Package Machinery Powder and Granule Filling Machine Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.23 Autopack Global
2.23.1 Autopack Global Details
2.23.2 Autopack Global Major Business
2.23.3 Autopack Global Powder and Granule Filling Machine Product and Services
2.23.4 Autopack Global Powder and Granule Filling Machine Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
3 Powder and Granule Filling Machine Breakdown Data by Manufacturer
3.1 Global Powder and Granule Filling Machine Sales in Volume by Manufacturer (2019, 2020, 2021, and 2022)
3.2 Global Powder and Granule Filling Machine Revenue by Manufacturer (2019, 2020, 2021, and 2022)
3.3 Key Manufacturer Market Position in Powder and Granule Filling Machine
3.4 Market Concentration Rate
3.4.1 Top 3 Powder and Granule Filling Machine Manufacturer Market Share in 2021
3.4.2 Top 6 Powder and Granule Filling Machine Manufacturer Market Share in 2021
3.5 Global Powder and Granule Filling Machine Production Capacity by Company: 2021 VS 2022
3.6 Manufacturer by Geography: Head Office and Powder and Granule Filling Machine Production Site
3.7 New Entrant and Capacity Expansion Plans
3.8 Mergers & Acquisitions
4 Market Analysis by Region
4.1 Global Powder and Granule Filling Machine Market Size by Region
4.1.1 Global Powder and Granule Filling Machine Sales in Volume by Region (2017-2028)
4.1.2 Global Powder and Granule Filling Machine Revenue by Region (2017-2028)
4.2 North America Powder and Granule Filling Machine Revenue (2017-2028)
4.3 Europe Powder and Granule Filling Machine Revenue (2017-2028)
4.4 Asia-Pacific Powder and Granule Filling Machine Revenue (2017-2028)
4.5 South America Powder and Granule Filling Machine Revenue (2017-2028)
4.6 Middle East and Africa Powder and Granule Filling Machine Revenue (2017-2028)
5 Market Segment by Type
5.1 Global Powder and Granule Filling Machine Sales in Volume by Type (2017-2028)
5.2 Global Powder and Granule Filling Machine Revenue by Type (2017-2028)
5.3 Global Powder and Granule Filling Machine Price by Type (2017-2028)
6 Market Segment by Application
6.1 Global Powder and Granule Filling Machine Sales in Volume by Application (2017-2028)
6.2 Global Powder and Granule Filling Machine Revenue by Application (2017-2028)
6.3 Global Powder and Granule Filling Machine Price by Application (2017-2028)
7 North America by Country, by Type, and by Application
7.1 North America Powder and Granule Filling Machine Sales by Type (2017-2028)
7.2 North America Powder and Granule Filling Machine Sales by Application (2017-2028)
7.3 North America Powder and Granule Filling Machine Market Size by Country
7.3.1 North America Powder and Granule Filling Machine Sales in Volume by Country (2017-2028)
7.3.2 North America Powder and Granule Filling Machine Revenue by Country (2017-2028)
7.3.3 United States Market Size and Forecast (2017-2028)
7.3.4 Canada Market Size and Forecast (2017-2028)
7.3.5 Mexico Market Size and Forecast (2017-2028)
8 Europe by Country, by Type, and by Application
8.1 Europe Powder and Granule Filling Machine Sales by Type (2017-2028)
8.2 Europe Powder and Granule Filling Machine Sales by Application (2017-2028)
8.3 Europe Powder and Granule Filling Machine Market Size by Country
8.3.1 Europe Powder and Granule Filling Machine Sales in Volume by Country (2017-2028)
8.3.2 Europe Powder and Granule Filling Machine Revenue by Country (2017-2028)
8.3.3 Germany Market Size and Forecast (2017-2028)
8.3.4 France Market Size and Forecast (2017-2028)
8.3.5 United Kingdom Market Size and Forecast (2017-2028)
8.3.6 Russia Market Size and Forecast (2017-2028)
8.3.7 Italy Market Size and Forecast (2017-2028)
9 Asia-Pacific by Region, by Type, and by Application
9.1 Asia-Pacific Powder and Granule Filling Machine Sales by Type (2017-2028)
9.2 Asia-Pacific Powder and Granule Filling Machine Sales by Application (2017-2028)
9.3 Asia-Pacific Powder and Granule Filling Machine Market Size by Region
9.3.1 Asia-Pacific Powder and Granule Filling Machine Sales in Volume by Region (2017-2028)
9.3.2 Asia-Pacific Powder and Granule Filling Machine Revenue by Region (2017-2028)
9.3.3 China Market Size and Forecast (2017-2028)
9.3.4 Japan Market Size and Forecast (2017-2028)
9.3.5 Korea Market Size and Forecast (2017-2028)
9.3.6 India Market Size and Forecast (2017-2028)
9.3.7 Southeast Asia Market Size and Forecast (2017-2028)
9.3.8 Australia Market Size and Forecast (2017-2028)
10 South America by Region, by Type, and by Application
10.1 South America Powder and Granule Filling Machine Sales by Type (2017-2028)
10.2 South America Powder and Granule Filling Machine Sales by Application (2017-2028)
10.3 South America Powder and Granule Filling Machine Market Size by Country
10.3.1 South America Powder and Granule Filling Machine Sales in Volume by Country (2017-2028)
10.3.2 South America Powder and Granule Filling Machine Revenue by Country (2017-2028)
10.3.3 Brazil Market Size and Forecast (2017-2028)
10.3.4 Argentina Market Size and Forecast (2017-2028)
11 Middle East & Africa by Country, by Type, and by Application
11.1 Middle East & Africa Powder and Granule Filling Machine Sales by Type (2017-2028)
11.2 Middle East & Africa Powder and Granule Filling Machine Sales by Application (2017-2028)
11.3 Middle East & Africa Powder and Granule Filling Machine Market Size by Country
11.3.1 Middle East & Africa Powder and Granule Filling Machine Sales in Volume by Country (2017-2028)
11.3.2 Middle East & Africa Powder and Granule Filling Machine Revenue by Country (2017-2028)
11.3.3 Turkey Market Size and Forecast (2017-2028)
11.3.4 Egypt Market Size and Forecast (2017-2028)
11.3.5 Saudi Arabia Market Size and Forecast (2017-2028)
11.3.6 South Africa Market Size and Forecast (2017-2028)
12 Raw Material and Industry Chain
12.1 Raw Material of Powder and Granule Filling Machine and Key Manufacturers
12.2 Manufacturing Costs Percentage of Powder and Granule Filling Machine
12.3 Powder and Granule Filling Machine Production Process
12.4 Powder and Granule Filling Machine Industrial Chain
13 Sales Channel, Distributors, Traders and Dealers
13.1 Sales Channel
13.1.1 Direct Marketing
13.1.2 Indirect Marketing
13.2 Powder and Granule Filling Machine Typical Distributors
13.3 Powder and Granule Filling Machine Typical Customers
14 Research Findings and Conclusion
15 Appendix
15.1 Methodology
15.2 Research Process and Data Source
15.3 Disclaimer