The contemporary world is concerned only with non-biodegradable waste management which needs more sophisticated procedures as compared to biodegradable waste management. Biodegradable waste has the potential to become useful to society through a simple volarization technique. The researchers are behind sustainable nanotechnology pathways which are made possible by using biodegradable waste for the preparation of nanomaterials. This review emphasizes the potentialities of biodegradable waste produced as a viable alternative to create a sustainable economy that benefits all humans. Volarization results in the utilization of biowastes as well as provides safer and hazard-free green methods for the synthesis of nanoparticles. Starting from different sources to the application which includes therapeutics, food industry and water treatment. The review hovers over the pros and cons of biowaste-mediated nanoparticles and concludes with possible advances in the application. In the present scenario, the combination of green synthesis and biowaste can bring about a wide variety of applications in nanotechnology once the hurdles of bulk-scale industrial production are resolved. Given these points, the review is focused on the cost-effective synthesis of metal and metal oxide nanoparticles.