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In a place like India, where farming is not just a job but a way of life for millions of people, buying and selling agricultural products has been done the same way for hundreds of years.
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The global second-hand books market is projected to expand at a 6.6% CAGR from 2023 to 2033, reaching US$ 48.49 billion by 2033, up from US$ 25.59 billion in 2023. Second-hand books, previously owned by someone other than the distributor or retailer, help reduce resource waste. The convenience of purchasing and renting used books online is boosting the market. Increasing interest in non-fiction, self-help, religious, and educational literature, along with rising disposable incomes and improved living standards, is driving demand. Governments and public institutions are promoting access to reading materials, further supporting market growth. Between 2018 and 2022, demand grew at a 5.0% CAGR, with significant shares in the UK, France, and Germany. The rise in digital media and the popularity of audiobooks, along with the need for affordable books for low-income families, are key factors contributing to the market's expansion.
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