The purpose of this review is to present the progress and development of a fundamental field that aims to design chemical processes with as little adverse effect on the environment as possible. The paper discusses the relevance of changes in industries considering the impact of the conventional chemical industry on the environment, people, and resources, with pollution, toxicity, and depletion of the resources being alarming effects. Waste minimization as one of the ten principles of green chemistry, atom economy and safer solvents and auxiliaries, is also described in detail. In the best practice examples drawn from key industries such as Unilever and BASF, a positive approach toward integrating biodegradable materials and renewable resources is evident. Furthermore, new developments in the catalysis and biocatalysts techniques as well as innovative methods of carbon dioxide conversion are also explored to demonstrate that sustainability is a core direction of chemical transformations. Nevertheless, prospects are evident albeit constrained in economic, regulatory, and technical sectors. Overcoming these barriers is crucial to the complete realization of green chemistry in the industry and the scale-back of environmental harm. It is for this reason that the present review offers a final reflection on how both green chemistry and a circular economy can change various sectors and offer more sustainable solutions.