Sales of physical books in the print media industry are challenged by e-books

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Global Print Media Market Report 2021: Impact of COVID-19 and Recovery to 2030

The Business Research Company’s Global Print Media Market Report 2021: Impact and Recovery of COVID-19 to 2030

LONDON, GREATER LONDON, UK, January 17, 2021 /EINPresswire.com/ – New year, new updates! Our reports have been revised based on market size, forecast and strategies for 2021 following the impact of COVID-19: https://www.thebusinessresearchcompany.com/global-market-reports

E-book sales are growing rapidly in established markets of the United States and Europe. E-books have generated a higher revenue share than physical printing in developed markets such as the United States and the United Kingdom. According to PWC, the total revenues of global book publishers will increase, increasing at a compound annual growth rate of 1.7% during the forecast period. Although the physical book publishing industry continues to contract (-2.8%) according to print media marketing statistics, this decline is offset by the growth of eBooks which are expected to grow at a CAGR of 11.7 % during the forecast period. The growing consumer preference for digital versions is expected to have a significant impact on the growth of the market during this period and will affect companies’ print media marketing strategy.

The print media market consists not only of book sales, but also of newspapers, magazines, other periodicals, directories and mailing lists, and other works, such as calendars, maps. greeting cards, cards and related services such as advertising space by entities (organizations, sole proprietorships 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 growth in the print media market is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of commercial activities which created operational challenges. The market is expected to reach $ 342.81 billion in 2025 at a CAGR of 2%.

Asia-Pacific is the largest region in the global print media market, accounting for 37% of the market in 2020. North America is the second largest region accounting for 32% of the global market. Africa has the smallest print media market share.

Here is a list of similar reports from the Business Research Company:
Global Print Advertising Market Report 2020-30: COVID-19 Growth and Change
https://www.thebusinessresearchcompany.com/report/print-advertising-global-market-report-2020-30-covid-19-growth-and-change

Global Print Advertising Distribution Market Report 2020-30: Growth and Change in COVID-19
https://www.thebusinessresearchcompany.com/report/print-advertising-distribution-global-market-report-2020-30-covid-19-growth-and-change

Printing of the 2021 Global Market Report: Impact and Recovery of COVID-19 to 2030
https://www.thebusinessresearchcompany.com/report/printing-global-market-report-2020-30-covid-19-impact-and-recovery

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