CBD (known as cannabidiol) is an intoxicating compound extracted from marijuana or hemp plants. It is generally extracted in the form of powder and is usually mixed with various types of oils such as olive, coconut, or hemp oil, to increase the effectiveness of CBD in varied applications. CBD based products possess anti-inflammatory, antioxidant, and skin soothing properties. The presence of such outstanding properties in a single blend makes CBD as one of the key components in skin care and personal care products. The report scope includes market only for “cannabidiol” based skin care products. The scope does not include skin care products with labels other than “cannabidiol”. The report includes various type of skin care products manufactured with cannabidiol, namely, oils, cleansers, masks & serums, creams & moisturizers, and others. The others product type segment includes hair care, shave creams, shower foams, and bath bombs.

According to the CXOs, the waste management sector is anticipated to witness intense competition. This is attributed to rise in concerns regarding waste generation. Competitive and efficient waste management in developing regions has resulted in lower prices for customers/consumers. In addition, the fact that the waste management sector is a highly regulated sector acts as a major challenge for new entrants. The growth of the market is driven by factors such as increase in generation of waste and rise in insect population. Most of the waste management companies are using insecticides in large quantities, which in turn is expected to fuel their demand. To prevent the transmission of diseases through flies, the waste management companies are using insecticides.

本周大盘及轻工板块下跌。本周，上证综指下跌1.91%，轻工制造指数 下跌1.56%，跑赢上证综指0.35%，在申万28 个版块中排名第9。轻工 制造板块细分行业涨跌幅由高到低分别为：家用轻工Ⅱ（-0.47%）、造纸 Ⅱ（-2.22%）、包装印刷Ⅱ（-2.94%）。上周板块成交量上升10.88 万手， 周环比0.28%。个股方面，惠达卫浴（+40.18%）、开润股份（+9.98%）、 博汇纸业（+9.55%）涨幅靠前；*ST 金洲（-23.08%）、*ST 宜生（-18.18%）、 安妮股份（-13.35%）跌幅靠前。

2020年1季度，化工行业相关政策密集出台，保障行业稳健运行。一是工信部开展工业节能监察工作，对石化行业的重点用能企业开展强制性单位产品能耗限额标准执行情况专项监察。二是塑料污染治理新政出台，不仅对消费端提出“限塑”要求，而且对生产、流通、消费、回收利用全过程中的各个环节都有相应规定，对行业而言，新材料、可降解塑料等环保行业将迎来利好。三是加强危化品安全生产工作意见出台，全面、系统地对危化品安全工作作出部署，为危化品安全治理开启新篇章。四是生态环境部发布10项行业《排污许可证申请与核发技术规范》，包括煤炭加工—合成气和液体燃料生产、化学纤维制造业、专用化学品制造业、日用化学品制造业等4个涉化行业。五是中办国办提出构建现代环境治理体系，从指导思想、基本原则、责任体系、监管体系、市场体系、信用体系、法律法规政策体系等方面都做出了明确部署。六是部分化工品出口退税率上调，将有效降低出口企业成本，提高化工企业出口积极性。

2020年1-3月，我国化工行业运行呈现以下特征。一是各部门认真贯彻落实中央一系列稳投资政策，化工行业固定资产投资增速虽下降较多，但降幅已有所收窄。二是随着各地积极推进复工复产保障产品供应，化工生产企业积极复产达产，增加值虽持续负增长但降幅有所收窄。主要产品产量除乙烯外均持续下降，但普遍降幅收窄。三是在化工供需两弱的局势下，沙特倾销引起国际原油价格暴跌，大多数化工产品价格下跌。化工行业工业生产者出厂价格指数有所下降，低于同期工业生产者出厂价格指数。四是部分化工品出口退税上调，提高了化工企业出口积极性，化工出口交货值降幅收窄。五是疫情冲击宏观经济，导致企业经营下滑明显，2020年1-3月企业整体营收和利润增速仍大幅下降，但降幅有所收窄。