The agriculture, polymer, and textiles industries have the highest production yields to fulfill human requirements, but they also contribute heavily to environmental contamination and the creation of waste worldwide. A scarcity of post-consumer disposal is a major challenge for the majority of developing nations, as the unsustainable nature of this trash has produced severe environmental degradation. These by-products and wastes can be turned into useful products to fulfill the needs of society to some extent. The development and applications of various composites from industrial waste will be explored in this work. The increasing utilization of composite materials in heavy industries has also resulted in an increase in waste generation due to the limitations of sustainability and effective End-of-Life (EoL). This work highlights the reuse and other forms of recovery of EoL Composites. The design and analysis of innovative fiber composites from waste using software to get enough strength for applications has been discussed. The application of sensors, the Internet of Things for automation, and smart production of composite materials is explored in this work. Therefore, the results of this review might be used as a basis for further studies on composites using waste to improve the sustainable and eco-friendly development.