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🌍 Aging Populations are Transforming the Diaper Industry 👶➡️👴 The global population is aging, with the number of people aged 65+ set to more than double to 1.6 billion by 2050. In Japan, this trend is pronounced: births hit a record low in 2023, while nearly 30% of the population is now 65 or older. This shift is having a surprising impact on the diaper industry. The global adult diaper market was valued at $12.8B in 2023 and is projected to reach $15.5B by 2026. Japan's market alone is expected to grow to $1.9B by 2026. 📈 In contrast, sales of baby diapers have decreased. 📉 Oji Holdings, a Japanese manufacturer, will stop producing baby diapers in Japan to focus on adult incontinence products, reflecting this demographic shift. They aren’t the only manufacturer to shift focus… and it’s not only happening in Japan. 👀 Read more about aging trends and industry impact here: https://lnkd.in/gVuH3Aca #AgingPopulation #MarketTrends #DiaperIndustry #ConsumerTrends

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