Industrial activities continuously generate diverse characteristics of various types of wastes. Industrial wastes varied from various process residues, wastes from pollution, or decontamination from operations and materials resulting from activities for contaminated soil remediation, ashes, oil, acidic wastes, plastic, paper, wood, fiber, rubber, metals, and glass. The circular tools indicate a restorative and regenerative system in which the streams of materials and products take place in a circular way. Considering social pressures, major industrial enterprises perceived the need for readjusting their production chains according to circular chains, which are more sustainable and consider the generated waste. This study aims to present the factors for sustainable waste management in major industrial enterprises based on the circular economy approach. The available data of a waste company is considered, and the model of circular economy such as fault tree analysis is applied to figure out the implementation of a circular process to industrial waste, especially those of lower value that have greater difficulties in being processed. The last section will propose a framework, opportunities, challenges, and trade-offs promoting circulatory industrial waste management.