Polymeric matrices are highly preferable these days because of their eco-friendly usage, availability, and low cost. Inserting nanomaterials to the polymer matrices is further meant to be a boon as their usage is extended to a large number of applications. Nanofillers of any dimension whether 0D, 1D, 2D, or 3D have unique characteristics and applications in fields like electronics, optical sensors, biomedical applications, and many more. Their dispersion in polymer matrices prevents agglomeration, and they can be used extensively without any hindrance to their application. Polymer matrices specifically of natural origin are highly biodegradable and eco-friendly. Polymer nanocomposites can be classified on the basis of dimension of nanofiller (0D, 1D, 2D, etc.), type of nanofiller (metal hydroxide, metal sulfide, etc.), type of polymer matrix (thermosetting, thermoplastic, etc.), or on the basis of method of synthesis (in situ, ex situ). They can be synthesized through various methods such as intercalation, sol-gel, in situ polymerization, and direct mixing of nanofillers with polymer. The structure of polymer nanocomposites includes nanofillers and polymer matrix separated by an interphase showing interaction between the two. Polymer nanocomposites can be applied to various fields such as biosensors, in food packaging, and as adsorbents, in electronic devices and biomedical applications. Hence, they are widely used because of their numerous applications.