This paper reviews converting wood-related waste materials from forestry, wood-based industry, and agriculture activities into other value-added products such as bio-energy, construction materials, agricultural compost, and handicraft application. The wood waste, however, needs to be processed before it can be utilized. The information obtained is reviewed in order to enable them to be useful to the government planners and those involved in the wood-based industry. The gross domestic product from the forest-related industry reached RM6.38 billion in 2019. This resulted in a large amount of waste produced annually. Utilizing these waste materials instead of letting them rot or deteriorate in the forests or at the factory yards sites could generate income and create job opportunities for the local community. A proper and systematic study needs to be undertaken in order to make them into reality.