Japan's Diaper Industry Shifts Focus to Adults Amid Declining Birth Rates
As Japan's birth rate hits a record low, diaper manufacturers pivot to meet the growing demand from the aging population.
- Japan's birth rate has fallen for the eighth consecutive year, leading to a strategic shift in the diaper industry.
- By 2070, Japan's population is projected to decrease by 30%, with 40% of people aged 65 or older.
- Companies like Oji Holdings have halted baby diaper production in Japan to concentrate on adult products.
- The adult diaper market in Japan is expected to grow by 16% to 98.9 billion yen by 2027, while the baby diaper market will shrink by 8%.
- The Japanese government is implementing measures to address the declining birth rate, including expanding childcare and promoting wage hikes for younger workers.