Forward osmosis (FO) is a membrane technology that uses the osmotic pressure difference to treat two fluids at a time giving the opportunity for an energy-efficient water and wastewater treatment. Various applications are possible; one of them is the application in industrial water management. In this review paper, the basic principle of FO is explained and the state-of-the-art regarding FO application in manufacturing industries is described. Examples of FO application were found for food and beverage industry, chemical industry, pharmaceutical industry, coal processing, micro algae cultivation, textile industry, pulp and paper industry, electronic industry, and car manufacturing. FO publications were also found about heavy metal elimination and cooling water treatment. However, so far FO was applied in lab-scale experiments only. The up-scaling on pilot- or full-scale will be the essential next step. Long-term fouling behavior, membrane cleaning methods, and operation procedures are essential points that need to be further investigated. Moreover, energetic and economic evaluations need to be performed before full-scale FO can be implemented in industries.