Laboratories in educational institutions produce various toxic wastes that can harm the environment, safety, and human health. Unregulated disposal of these wastes has a severe impact on educational institutes. This study aims to identify alternative solutions to prevent and reduce the effects of laboratory waste by creating an eco-friendly waste management plan based on the identification and classification of waste. The examination of eco-friendly ideas from a different educational institution, centered on laboratory chemical waste management activities, was the review's main objective. As a novelty of this study, this review demonstrates the current waste disposal practices in educational institutes in India and the high volume of environmental effects, which may be decreased by implementing an integrated waste management framework, with source segregation as depicted in futuristic situations. The characterization investigation indicates that organic waste, which makes up 76% of all trash, is the most prevalent waste constituent. This discovery led to the discovery of anaerobic digestion as a practical therapeutic possibility. Additionally, it has been demonstrated that segregating waste at the origin enhances the efficiency of anaerobic digestion facilities. Therefore, institutions must always monitor environmental innovations for managing laboratory waste.