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As a new product of high‐value utilization of lignin, lignin micro/nano particles (LMNPs) have attracted the attention of researchers due to their non‐toxicity, corrosion‐resistance, UV resistance, and other excellent characteristics and potential application value. This article outlined the main preparation methods of LMNPs at the current stage, summarized and compared them from three perspectives of preparation technology, final product state and product composition. Subsequently, based on the different focuses of the properties of LMNPs, their application research progress as fillers, UV blockers, drug delivery carriers, among others, were introduced. Then a concise analysis of the technical and economic assessment and life cycle assessment of LMNPs in the process of industrialization was made. Finally, the main problems at present and the future development directions were analyzed and prospected to provide references for the deep processing of forest resources and the development of bio‐based nanomaterials.

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