Progressive Waste Solutions (BIN) is in the waste collection and remediation industry, which is highly disintegrated. This industry consists of more than 18,000 companies, generating combined revenue of around $85 billion in 2012.
The market is mainly driven by quantity of waste generated and waste recycled. The other aspects that contribute to the growth of this industry are gross domestic product, population growth, increasing environmental concerns and government regulations.
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Source: Bureau of Economic Analysis
The slowdown of the U.S. economy has impacted the market, but this industry has a huge scope for future growth. The industry has improved with the influence of new technologies. Recycling is now playing an important role in the industry structure....
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