Triboelectric nanogenerators (TENGs) hold immense potential as sustainable energy sources, with waste materials serving as promising materials for their fabrication. Nearly 270 million tons of waste is produced yearly, most of which remains unrecycled. TENGs can utilize this wide range of waste to convert mechanical energy to electrical energy while providing a solution for the global issue of plastic waste. On the other hand, the enormous demand for wearable electronics and the Internet of Things (IoT) trigger the development of self-reliant energy sources. Currently, TENGs are one of the preferred choices as they are easy to design and generate high output. In this regard, TENGs are promising for utilizing waste materials, particularly for self-powered or energy-autonomous applications. This review focuses on utilizing waste materials from diverse sources, including biowaste, household waste, medical, laboratory, pharmaceutical, textile, electronic waste (e-waste), and automotive waste for TENG development. Different waste materials are detailed for their potential as materials for TENGs, their availability, and recycling methods. The review also highlights the applications of TENGs fabricated from waste materials. Finally, the challenges, limitations, and future perspectives of using waste materials for TENG fabrication are discussed to motivate further advances.