Print Newspapers & Magazines Market size is expected to reach USD 105.24 billion by 2028

 Print Newspapers & Magazines Industry Overview

The global print newspapers & magazines market size was valued at USD 123.93 billion in 2021 and is expected to decline at a compound annual growth rate (CAGR) of -2.3% from 2022 to 2028.

 

Newspapers and magazines have been gradually losing customers for years. However, rising consumers' inclination toward free or more affordable substitute media like online publications over the last few years is restraining the market growth. Moreover, increasing subscriptions to digital newspapers and magazines are hindering market growth over the forecast period. For an instance, The New York Times has reported that nearly 39% of subscribers have subscribed to the digital newspaper. In addition to this, print media circulation decline in recent years across the globe is the major factor that restrains the market growth. Furthermore, the growing investment in print advertising by industry verticals to build trust and nurture relationships with existing customers is propelling the market growth.

 

Gather more insights about the market drivers, restrains and growth of the Global Print Newspapers & Magazines Market

 

Newspaper and magazine advertising is gaining popularity in the advertising world because it creates brand awareness and also compliments the brand’s advertising campaigns on other channels, which is estimated to boost market growth over the last few years. However, the rapid increase in digitalization of media, and people having shifted from print to digital content is hindering the market growth. Furthermore, various print newspaper organizations are adopting online platforms to offer news content has been noted to reduce print newspaper circulations. In addition, intense competition among the vendors of the print media business is restraining the market growth.

 

Diversified business models, strategic partnerships, changing distribution channels, and convergent platforms are accelerating market growth. Moreover, print newspapers and magazines continue to be an attractive platform for premium segment readers and image advertisers across the globe, which are contributing to the market growth. Additionally, advancement in printing technology such as augmented printing and technological development in paper manufacturing has led to a significant increase in market growth. However, the rising penetration rate of smartphones and affordable internet is accelerating online media platforms which have led to restraining the market growth. Further, strict government regulations regarding print newspapers & magazines will continue to hinder the market growth.

 

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Key Companies Profile

Some of the key players operating in the global print newspapers & magazines market include:

  • Gannett Co. Inc.
  • Nine Entertainment Co.
  • The New York Times
  • Schibsted Media Group
  • Axel Springer SE
  • Daily Mail and General Trust
  • Gruppo Editoriale L'Espresso
  • Johnston Press
  • Conduit, Inc
  • Valassis
  • NEWS CORP

 

Order a free sample PDF of Print Newspapers & Magazines Market Intelligence Study, published by Grand View Research.

 

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