In response to the environmental repercussions of the linear economy model, the circular economy has emerged, aiming to reduce the environmental impact while balancing economic and social aspects. Industrial ecology is a pillar of circular economy, facilitating collaboration among local industries through industrial symbiosis. Industrial symbiosis involves exchanges and pooling of resources and services between industries. Despite their pivotal role, industrial ecology and symbiosis implementation pose challenges, prompting increased scholar attention. This study conducts a literature review and a taxonomy proposal for industrial symbiosis. Through an examination of recent surveys, critical gaps in current research are uncovered, and key criteria for evaluating industrial symbiosis practices are identified. The findings highlight the need for more holistic approaches that integrate economic, social, and environmental dimensions, focus on operational decision-making, and address uncertainties. This review aims to guide future research and enhance the practical application of industrial symbiosis.