The global printing market is expected to decline from $314.6 billion in 2019 to $294.2 billion in 2020 at a compound annual growth rate (CAGR) of -6.5%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 3% from 2021 and reach $317 billion in 2023.
Asia-Pacific was the largest region in the global printing market, accounting for 34% of the market in 2019. North America was the second largest region accounting for 30% of the global printing market. South America was the smallest region in the global printing market