The escalating generation of industrial and consumer waste poses a significant environmental challenge, necessitating innovative approaches to waste management and resource utilization. One promising solution lies in the transformation of waste materials into engineered nanomaterials (ENMs), which hold immense potential for a diverse range of applications. This review explores the development of ENMs from waste, highlighting their multifaceted uses in environmental remediation, energy storage, medical applications, and advanced manufacturing. The process of converting waste into ENMs involves sophisticated techniques such as chemical vapour deposition, sol-gel synthesis, and hydrothermal methods, which enable the creation of materials with precise structural and functional properties at the nanoscale. By utilizing waste as a raw material, this approach not only addresses waste disposal issues but also provides a sustainable and cost-effective source of high-value nanomaterials. ENMs derived from waste exhibit unique properties, including high surface area, tunable porosity, and enhanced reactivity, making them suitable for environmental applications such as pollutant adsorption, water purification, and air filtration. In the energy sector, these nanomaterials contribute to the development of advanced batteries, supercapacitors, and fuel cells, enhancing energy storage and conversion efficiency. The biomedical field benefits from waste-derived ENMs through their application in drug delivery systems, diagnostic tools, and tissue engineering. The biocompatibility and functional versatility of these materials enable targeted therapeutic interventions and innovative medical solutions. Furthermore, in advanced manufacturing, ENMs improve the performance and durability of materials used in electronics, coatings, and composites, fostering the development of next-generation products with superior properties. The integration of waste-derived ENMs into various industries represents a paradigm shift towards a circular economy, where waste is not merely a byproduct but a valuable resource. This approach aligns with global sustainability goals, promoting resource efficiency, reducing environmental impact, and driving technological advancements. In conclusion, the development of engineered nanomaterials from waste exemplifies the transformative potential of nanotechnology in addressing critical environmental and industrial challenges. By harnessing waste as a resource, this innovative approach paves the way for multifaceted applications that contribute to environmental sustainability, technological progress, and economic growth. Further research and development in this field will continue to expand the possibilities and impact of waste-derived ENMs in various sectors.