The invention discloses a recovery and reutilization method of a hydrogenation catalyst waste material. The method comprises the following contents of (1) crushing carriers and/or catalyst waste materials; then, selecting a sieve being 180 to 200 meshes for sieving; remaining the sieved powder for later use; (2) pulping the powder obtained in the step (1) for later use; obtaining slurry with the solid content being 15 to 55 weight percent; adding a nitric acid-phosphoric acid-organic acid solution under the stirring condition; raising the temperature to 65 to 100 DEG C; maintaining the constant temperature for 30 to 90min; cooling the materials to the room temperature; then, adding organic amine; performing uniform mixing; obtaining sol slurry of the waste material; (3) uniformly mixing waste material sol slurry, modified macroporous aluminum oxide powder, microporous aluminum oxide powder mixture and extrusion aids; performing mixed kneading, shaping, drying and roasting to obtain analuminum oxide carrier; (4) loading active ingredients to obtain hydrogenation catalysts. The method has the advantages that the hydrogenation catalyst waste material can be effectively recovered andreused; no waste water and waste slag are generated; no environment pollution exists; meanwhile, the catalyst obtained by the method has high catalysis activity.