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 relat...