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A precise understanding of the link between industrial ecology and sustainability is vitally important for sustainable environmental performances. In this study an intensive review of industrial ecology principles, its application areas and the extent to which industrial ecology has been applied was documented. It was observed that effective application of industrial ecology is critical for sustainability, since the industry is the main polluter of the environment. It was further infered that, there is inadequate application of industrial ecology by developing countries. Thus, I hypothesis that, there is great opportunity for new investment in this field, considering the absence of modern means for the liquid and solid waste management. For example improper incineration of wastes such as hospital wastes and electrical and electronic equipment was perceived to bring health problems in the near future. Thus, it is time for governments, both in developed and developing countries to increase the applicability of industrial ecology, for sustainable social, political, economic and environmental sustainability.
