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Industry Research
Zero Waste Bio-packaging Industry Research Report 2026
Market perspective
The global Zero Waste Bio-packaging market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
The North America market for Zero Waste Bio-packaging is projected to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026–2032.
The Europe market for Zero Waste Bio-packaging is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032.
Read the full market overview
The Asia Pacific market for Zero Waste Bio-packaging is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032.
Leading global manufacturers of Zero Waste Bio-packaging include Loop Industries Inc., PulpWorks, Inc., Lifepack, Avani Eco., Loliware, Aarohana Ecosocial Development, Natural Vegan, Agilyx and Arekapak, among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report quantifies the global Zero Waste Bio-packaging market in terms of revenue (US$ million) and, where applicable, sales volume (units), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of Types and Applications, harmonizes vendor attribution, and presents comparable time series by company, Type, Application, and region/country, including indicative price bands (US$/units) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for brand owners, manufacturers, retailers, channel partners, and investors; data are structured with consistent units and fields to facilitate integration into internal FP&A and BI systems.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Zero Waste Bio-packaging Market by Company
Loop Industries Inc.
PulpWorks, Inc.
Lifepack
Avani Eco.
Loliware
Aarohana Ecosocial Development
Natural Vegan
Agilyx
Arekapak
Bioplas
Candy Cutlery
Do Eat
Evoware
No Waste Technology
Origin Materials
Skipping Rocks Lab
Sulapac
Kelpn
JetNet
Notpla
B'ZEOS
SoluBlue
Sway
BioPak
TIPA Corp
Zero Waste Bio-packaging Segment by Type
Bamboo
Seaweed
Sugarcane
Others
Zero Waste Bio-packaging Segment by Application
Food and Beverage Packaging
Healthcare Packaging
Personal Care Packaging
Industrial Packaging
Others
Zero Waste Bio-packaging Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
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 Zero Waste Bio-packaging 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 Zero Waste Bio-packaging 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 Zero Waste Bio-packaging.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: 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 3: Detailed analysis of Zero Waste Bio-packaging manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Zero Waste Bio-packaging by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Zero Waste Bio-packaging 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 production of each country in the world.
Chapter 7: 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 8: 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 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: 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 11: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Bamboo
- Seaweed
- Sugarcane
- Others
Applications
- Food and Beverage Packaging
- Healthcare Packaging
- Personal Care Packaging
- Industrial Packaging
- Others
Companies covered
- Loop Industries Inc.
- PulpWorks, Inc.
- Lifepack
- Avani Eco.
- Loliware
- Aarohana Ecosocial Development
- Natural Vegan
- Agilyx
- Arekapak
- Bioplas
- Candy Cutlery
- Do Eat
- Evoware
- No Waste Technology
- Origin Materials
- Skipping Rocks Lab
- Sulapac
- Kelpn
- JetNet
- Notpla
- B'ZEOS
- SoluBlue
- Sway
- BioPak
- TIPA Corp
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Global Market Growth Prospects
- 2.2.1 Global Zero Waste Bio-packaging Market Size (2021-2032)
- 2.2.2 Global Zero Waste Bio-packaging Sales (2021-2032)
- 2.2.3 Global Zero Waste Bio-packaging Market Average Price (2021-2032)
- 2.3 Zero Waste Bio-packaging by Type
- 2.3.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Bamboo
- 2.3.3 Seaweed
- 2.3.4 Sugarcane
- 2.3.5 Others
- 2.4 Zero Waste Bio-packaging by Application
- 2.4.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.4.2 Food and Beverage Packaging
- 2.4.3 Healthcare Packaging
- 2.4.4 Personal Care Packaging
- 2.4.5 Industrial Packaging
- 2.4.6 Others
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Zero Waste Bio-packaging Market Competitive Situation by Manufacturers (2021 Versus 2025)
- 3.2 Global Zero Waste Bio-packaging Sales (units) of Manufacturers (2021-2026)
- 3.3 Global Zero Waste Bio-packaging Revenue of Manufacturers (2021-2026)
- 3.4 Global Zero Waste Bio-packaging Average Price by Manufacturers (2021-2026)
- 3.5 Global Zero Waste Bio-packaging Industry Ranking, 2024 VS 2025 VS 2026
- 3.6 Global Manufacturers of Zero Waste Bio-packaging, Manufacturing Sites & Headquarters
- 3.7 Global Manufacturers of Zero Waste Bio-packaging, Product Type & Application
- 3.8 Global Manufacturers of Zero Waste Bio-packaging, Established Date
- 3.9 Global Zero Waste Bio-packaging Market CR5 and HHI
- 3.10 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Loop Industries Inc.
- 4.1.1 Loop Industries Inc. Company Information
- 4.1.2 Loop Industries Inc. Business Overview
- 4.1.3 Loop Industries Inc. Zero Waste Bio-packaging Sales, Revenue and Gross Margin (2021-2026)
- 4.1.4 Loop Industries Inc. Zero Waste Bio-packaging Product Portfolio
- 4.1.5 Loop Industries Inc. Recent Developments
- 4.2 PulpWorks, Inc.
- 4.2.1 PulpWorks, Inc. Company Information
- 4.2.2 PulpWorks, Inc. Business Overview
- 4.2.3 PulpWorks, Inc. Zero Waste Bio-packaging Sales, Revenue and Gross Margin (2021-2026)
- 4.2.4 PulpWorks, Inc. Zero Waste Bio-packaging Product Portfolio
- 4.2.5 PulpWorks, Inc. Recent Developments
- 4.3 Lifepack
- 4.3.1 Lifepack Company Information
- 4.3.2 Lifepack Business Overview
- 4.3.3 Lifepack Zero Waste Bio-packaging Sales, Revenue and Gross Margin (2021-2026)
- 4.3.4 Lifepack Zero Waste Bio-packaging Product Portfolio
- 4.3.5 Lifepack Recent Developments
- 4.4 Avani Eco.
- 4.4.1 Avani Eco. Company Information
- 4.4.2 Avani Eco. Business Overview
- 4.4.3 Avani Eco. Zero Waste Bio-packaging Sales, Revenue and Gross Margin (2021-2026)
- 4.4.4 Avani Eco. Zero Waste Bio-packaging Product Portfolio
- 4.4.5 Avani Eco. Recent Developments
- 4.5 Loliware
- 4.5.1 Loliware Company Information
- 4.5.2 Loliware Business Overview
- 4.5.3 Loliware Zero Waste Bio-packaging Sales, Revenue and Gross Margin (2021-2026)
- 4.5.4 Loliware Zero Waste Bio-packaging Product Portfolio
- 4.5.5 Loliware Recent Developments
- 4.6 Aarohana Ecosocial Development
- 4.6.1 Aarohana Ecosocial Development Company Information
- 4.6.2 Aarohana Ecosocial Development Business Overview
- 4.6.3 Aarohana Ecosocial Development Zero Waste Bio-packaging Sales, Revenue and Gross Margin (2021-2026)
- 4.6.4 Aarohana Ecosocial Development Zero Waste Bio-packaging Product Portfolio
- 4.6.5 Aarohana Ecosocial Development Recent Developments
- 4.7 Natural Vegan
- 4.7.1 Natural Vegan Company Information
- 4.7.2 Natural Vegan Business Overview
- 4.7.3 Natural Vegan Zero Waste Bio-packaging Sales, Revenue and Gross Margin (2021-2026)
- 4.7.4 Natural Vegan Zero Waste Bio-packaging Product Portfolio
- 4.7.5 Natural Vegan Recent Developments
- 4.8 Agilyx
- 4.8.1 Agilyx Company Information
- 4.8.2 Agilyx Business Overview
- 4.8.3 Agilyx Zero Waste Bio-packaging Sales, Revenue and Gross Margin (2021-2026)
- 4.8.4 Agilyx Zero Waste Bio-packaging Product Portfolio
- 4.8.5 Agilyx Recent Developments
- 4.9 Arekapak
- 4.9.1 Arekapak Company Information
- 4.9.2 Arekapak Business Overview
- 4.9.3 Arekapak Zero Waste Bio-packaging Sales, Revenue and Gross Margin (2021-2026)
- 4.9.4 Arekapak Zero Waste Bio-packaging Product Portfolio
- 4.9.5 Arekapak Recent Developments
- 4.10 Bioplas
- 4.10.1 Bioplas Company Information
- 4.10.2 Bioplas Business Overview
- 4.10.3 Bioplas Zero Waste Bio-packaging Sales, Revenue and Gross Margin (2021-2026)
- 4.10.4 Bioplas Zero Waste Bio-packaging Product Portfolio
- 4.10.5 Bioplas Recent Developments
- 4.11 Candy Cutlery
- 4.11.1 Candy Cutlery Company Information
- 4.11.2 Candy Cutlery Business Overview
- 4.11.3 Candy Cutlery Zero Waste Bio-packaging Sales, Revenue and Gross Margin (2021-2026)
- 4.11.4 Candy Cutlery Zero Waste Bio-packaging Product Portfolio
- 4.11.5 Candy Cutlery Recent Developments
- 4.12 Do Eat
- 4.12.1 Do Eat Company Information
- 4.12.2 Do Eat Business Overview
- 4.12.3 Do Eat Zero Waste Bio-packaging Sales, Revenue and Gross Margin (2021-2026)
- 4.12.4 Do Eat Zero Waste Bio-packaging Product Portfolio
- 4.12.5 Do Eat Recent Developments
- 4.13 Evoware
- 4.13.1 Evoware Company Information
- 4.13.2 Evoware Business Overview
- 4.13.3 Evoware Zero Waste Bio-packaging Sales, Revenue and Gross Margin (2021-2026)
- 4.13.4 Evoware Zero Waste Bio-packaging Product Portfolio
- 4.13.5 Evoware Recent Developments
- 4.14 No Waste Technology
- 4.14.1 No Waste Technology Company Information
- 4.14.2 No Waste Technology Business Overview
- 4.14.3 No Waste Technology Zero Waste Bio-packaging Sales, Revenue and Gross Margin (2021-2026)
- 4.14.4 No Waste Technology Zero Waste Bio-packaging Product Portfolio
- 4.14.5 No Waste Technology Recent Developments
- 4.15 Origin Materials
- 4.15.1 Origin Materials Company Information
- 4.15.2 Origin Materials Business Overview
- 4.15.3 Origin Materials Zero Waste Bio-packaging Sales, Revenue and Gross Margin (2021-2026)
- 4.15.4 Origin Materials Zero Waste Bio-packaging Product Portfolio
- 4.15.5 Origin Materials Recent Developments
- 4.16 Skipping Rocks Lab
- 4.16.1 Skipping Rocks Lab Company Information
- 4.16.2 Skipping Rocks Lab Business Overview
- 4.16.3 Skipping Rocks Lab Zero Waste Bio-packaging Sales, Revenue and Gross Margin (2021-2026)
- 4.16.4 Skipping Rocks Lab Zero Waste Bio-packaging Product Portfolio
- 4.16.5 Skipping Rocks Lab Recent Developments
- 4.17 Sulapac
- 4.17.1 Sulapac Company Information
- 4.17.2 Sulapac Business Overview
- 4.17.3 Sulapac Zero Waste Bio-packaging Sales, Revenue and Gross Margin (2021-2026)
- 4.17.4 Sulapac Zero Waste Bio-packaging Product Portfolio
- 4.17.5 Sulapac Recent Developments
- 4.18 Kelpn
- 4.18.1 Kelpn Company Information
- 4.18.2 Kelpn Business Overview
- 4.18.3 Kelpn Zero Waste Bio-packaging Sales, Revenue and Gross Margin (2021-2026)
- 4.18.4 Kelpn Zero Waste Bio-packaging Product Portfolio
- 4.18.5 Kelpn Recent Developments
- 4.19 JetNet
- 4.19.1 JetNet Company Information
- 4.19.2 JetNet Business Overview
- 4.19.3 JetNet Zero Waste Bio-packaging Sales, Revenue and Gross Margin (2021-2026)
- 4.19.4 JetNet Zero Waste Bio-packaging Product Portfolio
- 4.19.5 JetNet Recent Developments
- 4.20 Notpla
- 4.20.1 Notpla Company Information
- 4.20.2 Notpla Business Overview
- 4.20.3 Notpla Zero Waste Bio-packaging Sales, Revenue and Gross Margin (2021-2026)
- 4.20.4 Notpla Zero Waste Bio-packaging Product Portfolio
- 4.20.5 Notpla Recent Developments
- 4.21 B'ZEOS
- 4.21.1 B'ZEOS Company Information
- 4.21.2 B'ZEOS Business Overview
- 4.21.3 B'ZEOS Zero Waste Bio-packaging Sales, Revenue and Gross Margin (2021-2026)
- 4.21.4 B'ZEOS Zero Waste Bio-packaging Product Portfolio
- 4.21.5 B'ZEOS Recent Developments
- 4.22 SoluBlue
- 4.22.1 SoluBlue Company Information
- 4.22.2 SoluBlue Business Overview
- 4.22.3 SoluBlue Zero Waste Bio-packaging Sales, Revenue and Gross Margin (2021-2026)
- 4.22.4 SoluBlue Zero Waste Bio-packaging Product Portfolio
- 4.22.5 SoluBlue Recent Developments
- 4.23 Sway
- 4.23.1 Sway Company Information
- 4.23.2 Sway Business Overview
- 4.23.3 Sway Zero Waste Bio-packaging Sales, Revenue and Gross Margin (2021-2026)
- 4.23.4 Sway Zero Waste Bio-packaging Product Portfolio
- 4.23.5 Sway Recent Developments
- 4.24 BioPak
- 4.24.1 BioPak Company Information
- 4.24.2 BioPak Business Overview
- 4.24.3 BioPak Zero Waste Bio-packaging Sales, Revenue and Gross Margin (2021-2026)
- 4.24.4 BioPak Zero Waste Bio-packaging Product Portfolio
- 4.24.5 BioPak Recent Developments
- 4.25 TIPA Corp
- 4.25.1 TIPA Corp Company Information
- 4.25.2 TIPA Corp Business Overview
- 4.25.3 TIPA Corp Zero Waste Bio-packaging Sales, Revenue and Gross Margin (2021-2026)
- 4.25.4 TIPA Corp Zero Waste Bio-packaging Product Portfolio
- 4.25.5 TIPA Corp Recent Developments
5 Global Zero Waste Bio-packaging Market Scenario by Region
- 5.1 Global Zero Waste Bio-packaging Market Size by Region: 2021 VS 2025 VS 2032
- 5.2 Global Zero Waste Bio-packaging Sales by Region: 2021-2032
- 5.2.1 Global Zero Waste Bio-packaging Sales by Region: 2021-2026
- 5.2.2 Global Zero Waste Bio-packaging Sales by Region: 2027-2032
- 5.3 Global Zero Waste Bio-packaging Revenue by Region: 2021-2032
- 5.3.1 Global Zero Waste Bio-packaging Revenue by Region: 2021-2026
- 5.3.2 Global Zero Waste Bio-packaging Revenue by Region: 2027-2032
- 5.4 North America Zero Waste Bio-packaging Market Facts & Figures by Country
- 5.4.1 North America Zero Waste Bio-packaging Market Size by Country: 2021 VS 2025 VS 2032
- 5.4.2 North America Zero Waste Bio-packaging Sales by Country (2021-2032)
- 5.4.3 North America Zero Waste Bio-packaging Revenue by Country (2021-2032)
- 5.4.4 United States
- 5.4.5 Canada
- 5.4.6 Mexico
- 5.5 Europe Zero Waste Bio-packaging Market Facts & Figures by Country
- 5.5.1 Europe Zero Waste Bio-packaging Market Size by Country: 2021 VS 2025 VS 2032
- 5.5.2 Europe Zero Waste Bio-packaging Sales by Country (2021-2032)
- 5.5.3 Europe Zero Waste Bio-packaging Revenue by Country (2021-2032)
- 5.5.4 Germany
- 5.5.5 France
- 5.5.6 U.K.
- 5.5.7 Italy
- 5.5.8 Russia
- 5.5.9 Spain
- 5.5.10 Netherlands
- 5.5.11 Switzerland
- 5.5.12 Sweden
- 5.5.13 Poland
- 5.6 Asia Pacific Zero Waste Bio-packaging Market Facts & Figures by Country
- 5.6.1 Asia Pacific Zero Waste Bio-packaging Market Size by Country: 2021 VS 2025 VS 2032
- 5.6.2 Asia Pacific Zero Waste Bio-packaging Sales by Country (2021-2032)
- 5.6.3 Asia Pacific Zero Waste Bio-packaging Revenue by Country (2021-2032)
- 5.6.4 China
- 5.6.5 Japan
- 5.6.6 South Korea
- 5.6.7 India
- 5.6.8 Australia
- 5.6.9 Taiwan
- 5.6.10 Southeast Asia
- 5.7 South America Zero Waste Bio-packaging Market Facts & Figures by Country
- 5.7.1 South America Zero Waste Bio-packaging Market Size by Country: 2021 VS 2025 VS 2032
- 5.7.2 South America Zero Waste Bio-packaging Sales by Country (2021-2032)
- 5.7.3 South America Zero Waste Bio-packaging Revenue by Country (2021-2032)
- 5.7.4 Brazil
- 5.7.5 Argentina
- 5.7.6 Chile
- 5.8 Middle East and Africa Zero Waste Bio-packaging Market Facts & Figures by Country
- 5.8.1 Middle East and Africa Zero Waste Bio-packaging Market Size by Country: 2021 VS 2025 VS 2032
- 5.8.2 Middle East and Africa Zero Waste Bio-packaging Sales by Country (2021-2032)
- 5.8.3 Middle East and Africa Zero Waste Bio-packaging Revenue by Country (2021-2032)
- 5.8.4 Egypt
- 5.8.5 South Africa
- 5.8.6 Israel
- 5.8.7 Türkiye
- 5.8.8 GCC Countries
6 Segment by Type
- 6.1 Global Zero Waste Bio-packaging Sales by Type (2021-2032)
- 6.1.1 Global Zero Waste Bio-packaging Sales by Type (2021-2032) & (units)
- 6.1.2 Global Zero Waste Bio-packaging Sales Market Share by Type (2021-2032)
- 6.2 Global Zero Waste Bio-packaging Revenue by Type (2021-2032)
- 6.2.1 Global Zero Waste Bio-packaging Sales by Type (2021-2032) & (US$ Million)
- 6.2.2 Global Zero Waste Bio-packaging Revenue Market Share by Type (2021-2032)
- 6.3 Global Zero Waste Bio-packaging Price by Type (2021-2032)
7 Segment by Application
- 7.1 Global Zero Waste Bio-packaging Sales by Application (2021-2032)
- 7.1.1 Global Zero Waste Bio-packaging Sales by Application (2021-2032) & (units)
- 7.1.2 Global Zero Waste Bio-packaging Sales Market Share by Application (2021-2032)
- 7.2 Global Zero Waste Bio-packaging Revenue by Application (2021-2032)
- 7.2.1 Global Zero Waste Bio-packaging Sales by Application (2021-2032) & (US$ Million)
- 7.2.2 Global Zero Waste Bio-packaging Revenue Market Share by Application (2021-2032)
- 7.3 Global Zero Waste Bio-packaging Price by Application (2021-2032)
8 Value Chain and Sales Channels Analysis of the Market
- 8.1 Zero Waste Bio-packaging Value Chain Analysis
- 8.1.1 Zero Waste Bio-packaging Key Raw Materials
- 8.1.2 Raw Materials Key Suppliers
- 8.1.3 Zero Waste Bio-packaging Production Mode & Process
- 8.2 Zero Waste Bio-packaging Sales Channels Analysis
- 8.2.1 Direct Comparison with Distribution Share
- 8.2.2 Zero Waste Bio-packaging Distributors
- 8.2.3 Zero Waste Bio-packaging Customers
9 Global Zero Waste Bio-packaging Analyzing Market Dynamics
- 9.1 Zero Waste Bio-packaging Industry Trends
- 9.2 Zero Waste Bio-packaging Industry Drivers
- 9.3 Zero Waste Bio-packaging Industry Opportunities and Challenges
- 9.4 Zero Waste Bio-packaging Industry Restraints
10 Report Conclusion
11 Disclaimer
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