Construction and demolition waste (CDW) is one of the largest contributors to global waste streams, simultaneously posing significant environmental and resource management challenges. The management of CDW, particularly its potential for energy recovery and industrial symbiosis, has garnered increasing attention as part of a circular economy approach. This comprehensive review explores global practices in CDW management, analysing theoretical developments, technological advancements, and emerging resource recovery and reuse trends. Background: CDW accounts for more than a third of all waste generated in the EU. A wide variety of materials, such as concrete, bricks, wood, glass, metals, and plastics, make it a very un-homogenous waste stream with high potential for material recovery through different approaches. Methods: This review draws on an extensive analysis of scientific literature, case studies, and industry reports to assess current practices in the CDW stream and assessment of the feasibility of energy recovery, industrial symbiosis, and object reconstruction. Results: The originality of the current research is based on a Latvian case study on CDW management that provides valuable insights into household-level practices and progress towards relevant UN SDGs. Conclusions: Various CDW streams have an undeniable potential for valorization through various approaches. Currently, the most common approach is recovery and recycling, although CDW has the potential to broaden its application within the circular economy framework. For instance, industrial symbiosis is a solution that can not only boost the valorization of CDW but also significantly increase material circularity.