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Global Non-Durable Labels (Hang Tags) Market by Size, by Type, by Application, by Region, History and Forecast 2020-2031

Publisher APO Research, Inc.
Published Oct 20, 2025
Length 198 Pages
SKU # APRC20554380

Description

Summary

According to APO Research, The global Non-Durable Labels (Hang Tags) market is projected to grow from US$ million in 2025 to US$ million by 2031, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.

The US & Canada market for Non-Durable Labels (Hang Tags) is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Asia-Pacific market for Non-Durable Labels (Hang Tags) is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

The China market for Non-Durable Labels (Hang Tags) is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Europe market for Non-Durable Labels (Hang Tags) is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

The major global manufacturers of Non-Durable Labels (Hang Tags) include Avery Dennison, CCL Industries, SML Group, Trimco International, NATco+C17412, ITL Group, CADICA GROUP, HANG SANG (SIU PO) and Cirtek Holdings, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.

This report presents an overview of global market for Non-Durable Labels (Hang Tags), sales, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2020-2024, estimates for 2025, and projections of CAGR through 2031.

This report researches the key producers of Non-Durable Labels (Hang Tags), also provides the sales of main regions and countries. Of the upcoming market potential for Non-Durable Labels (Hang Tags), and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Non-Durable Labels (Hang Tags) sales, revenue, market share and industry ranking of main manufacturers, data from 2020 to 2025. Identification of the major stakeholders in the global Non-Durable Labels (Hang Tags) market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2020 to 2031. Evaluation and forecast the market size for Non-Durable Labels (Hang Tags) sales, projected growth trends, production technology, application and end-user industry.

Non-Durable Labels (Hang Tags) Segment by Company

Avery Dennison
CCL Industries
SML Group
Trimco International
NATco+C17412
ITL Group
CADICA GROUP
HANG SANG (SIU PO)
Cirtek Holdings
Finotex
Jointak Group
r-pac
Label Solutions Bangladesh
Arrow Textiles Limited
BCI
LABEL PARTNERS
Elite Labels
WCL
Gang Apparel Accessories
SANKEI
NAXIS Brand Supporter
Guangzhou Zibai
Non-Durable Labels (Hang Tags)

Segment by Type

Normal Label
RFID Label
Non-Durable Labels (Hang Tags) Segment by Application

Apparel and Fashion Industry
Retail and E-commerce
Gifts and Stationery
Others
Non-Durable Labels (Hang Tags) 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
Colombia
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries

Study Objectives

1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

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 Non-Durable Labels (Hang Tags) 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 Non-Durable Labels (Hang Tags) 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 Non-Durable Labels (Hang Tags).
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Provides an overview of the Non-Durable Labels (Hang Tags) market, including product definition, global market growth prospects, market size, sales, and average price forecasts (2020-2031).
Chapter 2: Provides 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 Non-Durable Labels (Hang Tags) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, etc.
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: Sales of Non-Durable Labels (Hang Tags) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Revenue of Non-Durable Labels (Hang Tags) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space of each country in the world.
Chapter 8: 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 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Concluding Insights of the report

Please Note: Single-User license will be delivered via PDF from the publisher without the rights to print or to edit.

Table of Contents

198 Pages
1 Market Overview
1.1 Product Definition
1.2 Global Non-Durable Labels (Hang Tags) Market Size, 2020 VS 2024 VS 2031
1.3 Global Non-Durable Labels (Hang Tags) Market Size Estimates and Forecasts (2020-2031)
1.4 Global Non-Durable Labels (Hang Tags) Sales Estimates and Forecasts (2020-2031)
1.5 Global Non-Durable Labels (Hang Tags) Market Average Price (2020-2031)
1.6 Assumptions and Limitations
1.7 Study Goals and Objectives
2 Global Non-Durable Labels (Hang Tags) Market Dynamics
2.1 Non-Durable Labels (Hang Tags) Industry Trends
2.2 Non-Durable Labels (Hang Tags) Industry Drivers
2.3 Non-Durable Labels (Hang Tags) Industry Opportunities and Challenges
2.4 Non-Durable Labels (Hang Tags) Industry Restraints
3 Non-Durable Labels (Hang Tags) Market by Manufacturers
3.1 Global Non-Durable Labels (Hang Tags) Revenue by Manufacturers (2020-2025)
3.2 Global Non-Durable Labels (Hang Tags) Sales by Manufacturers (2020-2025)
3.3 Global Non-Durable Labels (Hang Tags) Average Sales Price by Manufacturers (2020-2025)
3.4 Global Non-Durable Labels (Hang Tags) Industry Manufacturers Ranking, 2023 VS 2024 VS 2025
3.5 Global Non-Durable Labels (Hang Tags) Key Manufacturers Manufacturing Sites & Headquarters
3.6 Global Non-Durable Labels (Hang Tags) Manufacturers, Product Type & Application
3.7 Global Non-Durable Labels (Hang Tags) Manufacturers Establishment Date
3.8 Market Competitive Analysis
3.8.1 Global Non-Durable Labels (Hang Tags) Market CR5 and HHI
3.8.2 Global Top 5 and 10 Non-Durable Labels (Hang Tags) Players Market Share by Revenue in 2024
3.8.3 2024 Non-Durable Labels (Hang Tags) Tier 1, Tier 2, and Tier 3
4 Non-Durable Labels (Hang Tags) Market by Type
4.1 Non-Durable Labels (Hang Tags) Type Introduction
4.1.1 Normal Label
4.1.2 RFID Label
4.2 Global Non-Durable Labels (Hang Tags) Sales by Type
4.2.1 Global Non-Durable Labels (Hang Tags) Sales by Type (2020 VS 2024 VS 2031)
4.2.2 Global Non-Durable Labels (Hang Tags) Sales by Type (2020-2031)
4.2.3 Global Non-Durable Labels (Hang Tags) Sales Market Share by Type (2020-2031)
4.3 Global Non-Durable Labels (Hang Tags) Revenue by Type
4.3.1 Global Non-Durable Labels (Hang Tags) Revenue by Type (2020 VS 2024 VS 2031)
4.3.2 Global Non-Durable Labels (Hang Tags) Revenue by Type (2020-2031)
4.3.3 Global Non-Durable Labels (Hang Tags) Revenue Market Share by Type (2020-2031)
5 Non-Durable Labels (Hang Tags) Market by Application
5.1 Non-Durable Labels (Hang Tags) Application Introduction
5.1.1 Apparel and Fashion Industry
5.1.2 Retail and E-commerce
5.1.3 Gifts and Stationery
5.1.4 Others
5.2 Global Non-Durable Labels (Hang Tags) Sales by Application
5.2.1 Global Non-Durable Labels (Hang Tags) Sales by Application (2020 VS 2024 VS 2031)
5.2.2 Global Non-Durable Labels (Hang Tags) Sales by Application (2020-2031)
5.2.3 Global Non-Durable Labels (Hang Tags) Sales Market Share by Application (2020-2031)
5.3 Global Non-Durable Labels (Hang Tags) Revenue by Application
5.3.1 Global Non-Durable Labels (Hang Tags) Revenue by Application (2020 VS 2024 VS 2031)
5.3.2 Global Non-Durable Labels (Hang Tags) Revenue by Application (2020-2031)
5.3.3 Global Non-Durable Labels (Hang Tags) Revenue Market Share by Application (2020-2031)
6 Global Non-Durable Labels (Hang Tags) Sales by Region
6.1 Global Non-Durable Labels (Hang Tags) Sales by Region: 2020 VS 2024 VS 2031
6.2 Global Non-Durable Labels (Hang Tags) Sales by Region (2020-2031)
6.2.1 Global Non-Durable Labels (Hang Tags) Sales by Region (2020-2025)
6.2.2 Global Non-Durable Labels (Hang Tags) Sales Forecasted by Region (2025-2030)
6.3 North America
6.3.1 North America Non-Durable Labels (Hang Tags) Sales Growth Rate by Country: 2020 VS 2024 VS 2031
6.3.2 North America Non-Durable Labels (Hang Tags) Sales by Country (2020-2031)
6.3.3 U.S.
6.3.4 Canada
6.3.5 Mexico
6.4 Europe
6.4.1 Europe Non-Durable Labels (Hang Tags) Sales Growth Rate by Country: 2020 VS 2024 VS 2031
6.4.2 Europe Non-Durable Labels (Hang Tags) Sales by Country (2020-2031)
6.4.3 Germany
6.4.4 France
6.4.5 U.K.
6.4.6 Italy
6.4.7 Netherlands
6.5 Asia Pacific
6.5.1 Asia Pacific Non-Durable Labels (Hang Tags) Sales Growth Rate by Country: 2020 VS 2024 VS 2031
6.5.2 Asia Pacific Non-Durable Labels (Hang Tags) Sales by Country (2020-2031)
6.5.3 China
6.5.4 Japan
6.5.5 South Korea
6.5.6 Southeast Asia
6.5.7 India
6.5.8 Australia
6.6 South America, Middle East and Africa
6.6.1 South America, Middle East and Africa Non-Durable Labels (Hang Tags) Sales Growth Rate by Country: 2020 VS 2024 VS 2031
6.6.2 South America, Middle East and Africa Non-Durable Labels (Hang Tags) Sales by Country (2020-2031)
6.6.3 Brazil
6.6.4 South Africa
6.6.5 Saudi Arabia
6.6.6 Turkey
6.6.6 Argentina
6.6.6 UAE
6.6.6 Egypt
6.6.6 Chile
7 Global Non-Durable Labels (Hang Tags) Revenue by Region
7.1 Global Non-Durable Labels (Hang Tags) Revenue by Region
7.1.1 Global Non-Durable Labels (Hang Tags) Revenue by Region: 2020 VS 2024 VS 2031
7.1.2 Global Non-Durable Labels (Hang Tags) Revenue by Region (2020-2025)
7.1.3 Global Non-Durable Labels (Hang Tags) Revenue by Region (2026-2031)
7.1.4 Global Non-Durable Labels (Hang Tags) Revenue Market Share by Region (2020-2031)
7.2 North America
7.2.1 North America Non-Durable Labels (Hang Tags) Revenue (2020-2031)
7.2.2 North America Non-Durable Labels (Hang Tags) Revenue Share by Country: 2020 VS 2024 VS 2031
7.3 Europe
7.3.1 Europe Non-Durable Labels (Hang Tags) Revenue (2020-2031)
7.3.2 Europe Non-Durable Labels (Hang Tags) Revenue Share by Country: 2020 VS 2024 VS 2031
7.4 Asia-Pacific
7.4.1 Asia-Pacific Non-Durable Labels (Hang Tags) Revenue (2020-2031)
7.4.2 Asia-Pacific Non-Durable Labels (Hang Tags) Revenue Share by Country: 2020 VS 2024 VS 2031
7.5 South America, Middle East and Africa
7.5.1 South America, Middle East and Africa Non-Durable Labels (Hang Tags) Revenue (2020-2031)
7.5.2 South America, Middle East and Africa Non-Durable Labels (Hang Tags) Revenue Share by Country: 2020 VS 2024 VS 2031
8 Company Profiles
8.1 Avery Dennison
8.1.1 Avery Dennison Comapny Information
8.1.2 Avery Dennison Business Overview
8.1.3 Avery Dennison Non-Durable Labels (Hang Tags) Sales, Price, Revenue and Gross Margin (2020-2025)
8.1.4 Avery Dennison Non-Durable Labels (Hang Tags) Product Portfolio
8.1.5 Avery Dennison Recent Developments
8.2 CCL Industries
8.2.1 CCL Industries Comapny Information
8.2.2 CCL Industries Business Overview
8.2.3 CCL Industries Non-Durable Labels (Hang Tags) Sales, Price, Revenue and Gross Margin (2020-2025)
8.2.4 CCL Industries Non-Durable Labels (Hang Tags) Product Portfolio
8.2.5 CCL Industries Recent Developments
8.3 SML Group
8.3.1 SML Group Comapny Information
8.3.2 SML Group Business Overview
8.3.3 SML Group Non-Durable Labels (Hang Tags) Sales, Price, Revenue and Gross Margin (2020-2025)
8.3.4 SML Group Non-Durable Labels (Hang Tags) Product Portfolio
8.3.5 SML Group Recent Developments
8.4 Trimco International
8.4.1 Trimco International Comapny Information
8.4.2 Trimco International Business Overview
8.4.3 Trimco International Non-Durable Labels (Hang Tags) Sales, Price, Revenue and Gross Margin (2020-2025)
8.4.4 Trimco International Non-Durable Labels (Hang Tags) Product Portfolio
8.4.5 Trimco International Recent Developments
8.5 NATco+C17412
8.5.1 NATco+C17412 Comapny Information
8.5.2 NATco+C17412 Business Overview
8.5.3 NATco+C17412 Non-Durable Labels (Hang Tags) Sales, Price, Revenue and Gross Margin (2020-2025)
8.5.4 NATco+C17412 Non-Durable Labels (Hang Tags) Product Portfolio
8.5.5 NATco+C17412 Recent Developments
8.6 ITL Group
8.6.1 ITL Group Comapny Information
8.6.2 ITL Group Business Overview
8.6.3 ITL Group Non-Durable Labels (Hang Tags) Sales, Price, Revenue and Gross Margin (2020-2025)
8.6.4 ITL Group Non-Durable Labels (Hang Tags) Product Portfolio
8.6.5 ITL Group Recent Developments
8.7 CADICA GROUP
8.7.1 CADICA GROUP Comapny Information
8.7.2 CADICA GROUP Business Overview
8.7.3 CADICA GROUP Non-Durable Labels (Hang Tags) Sales, Price, Revenue and Gross Margin (2020-2025)
8.7.4 CADICA GROUP Non-Durable Labels (Hang Tags) Product Portfolio
8.7.5 CADICA GROUP Recent Developments
8.8 HANG SANG (SIU PO)
8.8.1 HANG SANG (SIU PO) Comapny Information
8.8.2 HANG SANG (SIU PO) Business Overview
8.8.3 HANG SANG (SIU PO) Non-Durable Labels (Hang Tags) Sales, Price, Revenue and Gross Margin (2020-2025)
8.8.4 HANG SANG (SIU PO) Non-Durable Labels (Hang Tags) Product Portfolio
8.8.5 HANG SANG (SIU PO) Recent Developments
8.9 Cirtek Holdings
8.9.1 Cirtek Holdings Comapny Information
8.9.2 Cirtek Holdings Business Overview
8.9.3 Cirtek Holdings Non-Durable Labels (Hang Tags) Sales, Price, Revenue and Gross Margin (2020-2025)
8.9.4 Cirtek Holdings Non-Durable Labels (Hang Tags) Product Portfolio
8.9.5 Cirtek Holdings Recent Developments
8.10 Finotex
8.10.1 Finotex Comapny Information
8.10.2 Finotex Business Overview
8.10.3 Finotex Non-Durable Labels (Hang Tags) Sales, Price, Revenue and Gross Margin (2020-2025)
8.10.4 Finotex Non-Durable Labels (Hang Tags) Product Portfolio
8.10.5 Finotex Recent Developments
8.11 Jointak Group
8.11.1 Jointak Group Comapny Information
8.11.2 Jointak Group Business Overview
8.11.3 Jointak Group Non-Durable Labels (Hang Tags) Sales, Price, Revenue and Gross Margin (2020-2025)
8.11.4 Jointak Group Non-Durable Labels (Hang Tags) Product Portfolio
8.11.5 Jointak Group Recent Developments
8.12 r-pac
8.12.1 r-pac Comapny Information
8.12.2 r-pac Business Overview
8.12.3 r-pac Non-Durable Labels (Hang Tags) Sales, Price, Revenue and Gross Margin (2020-2025)
8.12.4 r-pac Non-Durable Labels (Hang Tags) Product Portfolio
8.12.5 r-pac Recent Developments
8.13 Label Solutions Bangladesh
8.13.1 Label Solutions Bangladesh Comapny Information
8.13.2 Label Solutions Bangladesh Business Overview
8.13.3 Label Solutions Bangladesh Non-Durable Labels (Hang Tags) Sales, Price, Revenue and Gross Margin (2020-2025)
8.13.4 Label Solutions Bangladesh Non-Durable Labels (Hang Tags) Product Portfolio
8.13.5 Label Solutions Bangladesh Recent Developments
8.14 Arrow Textiles Limited
8.14.1 Arrow Textiles Limited Comapny Information
8.14.2 Arrow Textiles Limited Business Overview
8.14.3 Arrow Textiles Limited Non-Durable Labels (Hang Tags) Sales, Price, Revenue and Gross Margin (2020-2025)
8.14.4 Arrow Textiles Limited Non-Durable Labels (Hang Tags) Product Portfolio
8.14.5 Arrow Textiles Limited Recent Developments
8.15 BCI
8.15.1 BCI Comapny Information
8.15.2 BCI Business Overview
8.15.3 BCI Non-Durable Labels (Hang Tags) Sales, Price, Revenue and Gross Margin (2020-2025)
8.15.4 BCI Non-Durable Labels (Hang Tags) Product Portfolio
8.15.5 BCI Recent Developments
8.16 LABEL PARTNERS
8.16.1 LABEL PARTNERS Comapny Information
8.16.2 LABEL PARTNERS Business Overview
8.16.3 LABEL PARTNERS Non-Durable Labels (Hang Tags) Sales, Price, Revenue and Gross Margin (2020-2025)
8.16.4 LABEL PARTNERS Non-Durable Labels (Hang Tags) Product Portfolio
8.16.5 LABEL PARTNERS Recent Developments
8.17 Elite Labels
8.17.1 Elite Labels Comapny Information
8.17.2 Elite Labels Business Overview
8.17.3 Elite Labels Non-Durable Labels (Hang Tags) Sales, Price, Revenue and Gross Margin (2020-2025)
8.17.4 Elite Labels Non-Durable Labels (Hang Tags) Product Portfolio
8.17.5 Elite Labels Recent Developments
8.18 WCL
8.18.1 WCL Comapny Information
8.18.2 WCL Business Overview
8.18.3 WCL Non-Durable Labels (Hang Tags) Sales, Price, Revenue and Gross Margin (2020-2025)
8.18.4 WCL Non-Durable Labels (Hang Tags) Product Portfolio
8.18.5 WCL Recent Developments
8.19 Gang Apparel Accessories
8.19.1 Gang Apparel Accessories Comapny Information
8.19.2 Gang Apparel Accessories Business Overview
8.19.3 Gang Apparel Accessories Non-Durable Labels (Hang Tags) Sales, Price, Revenue and Gross Margin (2020-2025)
8.19.4 Gang Apparel Accessories Non-Durable Labels (Hang Tags) Product Portfolio
8.19.5 Gang Apparel Accessories Recent Developments
8.20 SANKEI
8.20.1 SANKEI Comapny Information
8.20.2 SANKEI Business Overview
8.20.3 SANKEI Non-Durable Labels (Hang Tags) Sales, Price, Revenue and Gross Margin (2020-2025)
8.20.4 SANKEI Non-Durable Labels (Hang Tags) Product Portfolio
8.20.5 SANKEI Recent Developments
8.21 NAXIS Brand Supporter
8.21.1 NAXIS Brand Supporter Comapny Information
8.21.2 NAXIS Brand Supporter Business Overview
8.21.3 NAXIS Brand Supporter Non-Durable Labels (Hang Tags) Sales, Price, Revenue and Gross Margin (2020-2025)
8.21.4 NAXIS Brand Supporter Non-Durable Labels (Hang Tags) Product Portfolio
8.21.5 NAXIS Brand Supporter Recent Developments
8.22 Guangzhou Zibai
8.22.1 Guangzhou Zibai Comapny Information
8.22.2 Guangzhou Zibai Business Overview
8.22.3 Guangzhou Zibai Non-Durable Labels (Hang Tags) Sales, Price, Revenue and Gross Margin (2020-2025)
8.22.4 Guangzhou Zibai Non-Durable Labels (Hang Tags) Product Portfolio
8.22.5 Guangzhou Zibai Recent Developments
9 Value Chain and Sales Channels Analysis
9.1 Non-Durable Labels (Hang Tags) Value Chain Analysis
9.1.1 Non-Durable Labels (Hang Tags) Key Raw Materials
9.1.2 Raw Materials Key Suppliers
9.1.3 Manufacturing Cost Structure
9.1.4 Non-Durable Labels (Hang Tags) Production Mode & Process
9.2 Non-Durable Labels (Hang Tags) Sales Channels Analysis
9.2.1 Direct Comparison with Distribution Share
9.2.2 Non-Durable Labels (Hang Tags) Distributors
9.2.3 Non-Durable Labels (Hang Tags) Customers
10 Concluding Insights
11 Appendix
11.1 Reasons for Doing This Study
11.2 Research Methodology
11.3 Research Process
11.4 Authors List of This Report
11.5 Data Source
11.5.1 Secondary Sources
11.5.2 Primary Sources
11.6 Disclaimer
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