Physical Book Sales In The Print Media Industry Are Being Challenged By E-Books

The print media market consists not just of sales of books, but also of newspapers, magazines, other periodicals, directories and mailing lists, and other works, such as calendars, greeting cards, and maps and related services such as advertising space by entities (organizations, sole traders or partnerships) that publish print media. The global print media market size is expected to grow from $287.87 billion in 2020 to $313.28 billion in 2021 at a compound annual growth rate (CAGR) of 8.8%. The print media market growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $342.81 billion in 2025 at a CAGR of 2%.