There is a significant amount of waste generated which creates a huge environmental issue for humanity/earth and a tremendous number of varieties of resources of a different kind are needed globally. In this context, nanoscience technology has shown its potential ability to solve the above issues and provides realistic applications and devices. The beauty of nanotechnology is its multidisciplinary approach, in which green nanotechnology has been translated to focus on waste materials. Waste materials are generally generated from biogenic (rice husk, dead leaves, waste food, etc.) and non-biogenic (several types of plastics waste, lard oil, etc.) materials produced from municipal or industrial waste. Currently, a large number of efforts have been made to utilize the waste materials for the synthesis of 2D materials in a greener way. This green synthetic approach has two advantages 1) it reduces the cost of synthesis and 2) includes minimal use of hazardous chemicals. Biogenic wastes (contains biomolecules) contain several significant constituents such as co-enzymes, enzymes, proteins, terpenoids, etc. These constituents or biomolecules are known to play an energetic role in the formation of a different variety of 2D materials and hence control the protocols of green synthesis of 2D materials. This review focuses on the exploration of the current understanding of 2D-layered material synthesis methods using waste material produce from biogenic and non-biogenic waste. It also investigates the applications of various 2D-layered materials in perspective with synthesis from waste and future challenges along with their limitations to industrial-scale synthesis.