Photocatalytic processes have recently gained popularity as a sustainable and energy-efficient method for converting biomass. This article gives a comprehensive overview of recent improvements in the photocatalytic conversion of biomass into useful chemicals and fuels utilizing various photocatalytic materials. The work delves into the assessment of diverse biomass sources and their preparation techniques, in addition to the synthesis of plasmonic nanoparticles as photocatalysts from biomass, offering a thorough examination. This review article provides detailed techniques for fabricating and synthesizing plasmonic nanoparticles. Furthermore, the study discusses advancements in coupling photo-oxidation alongside the hydrogen evolution mechanism for water splitting. Furthermore, prospective research topics are suggested, such as conducting a systematic analysis of photocatalysis's redox potential, developing more effective catalysts, broadening the variety of reaction types, and establishing industrial-scale photocatalytic production. Plasmonic photocatalysts have been utilized to convert biomass into H2 for energy, and to explore hypothesized molecular routes for the photocatalytic oxidation of 5-hydroxymethylfurfural (HMF), which may then be converted into 2,5-furandicarboxylic acid (FDCA). This review also discusses the surface functionalization of nanophotocatalysts with -COOH, NH2, and OH groups to increase their reactivity. Reactive oxygen species (ROS) formed on the surface of nanophotocatalysts under UV or solar light play a crucial role in photocatalytic reactions. Our review has shown many challenges and difficulties related to CO2 hydrogenation reactions in the presence of sustainable H2, powered by renewable energy sources. This is very critical for achieving a transition to net-zero emissions. These technologies will drive forward the development of biomass conversion processes into CO2-based fuels. This paper explores recent advancements in the conversion of biomass-derived CO2 into valuable chemicals using plasmonic nanophotocatalysts. In addition to this, density functional theory (DFT) calculations also reveal how functional groups help stabilize these nanoparticles and enhance electron density through photo-adsorption. This study provides a remarkable and significant review that examines current trends, future directions, and ongoing debates in this field, focusing on reaction conditions, catalyst design, and proposed mechanisms for producing valuable chemicals. These chemicals include single-carbon compounds like formaldehyde, formic acid, and methanol, as well as C2 + compounds such as acetic acid, ethanol, methyl formate, and oxyethylene ethers. Additionally, it addresses the current state of liquid-phase CO2 hydrogenation in the presence of photocatalysts, highlighting existing challenges and potential research paths. The paper also provides an overview of the advances and challenges in the electro- and photocatalytic oxidation of HMF (hydroxymethylfurfural), detailing strategies for creating high-value chemicals through these oxidation processes. These methods, which may involve reactions like the hydrogen evolution reaction, organic substrate reduction, CO2 reduction reaction, or N2 reduction reaction, are summarized and analyzed. Furthermore, the catalytic efficiency and mechanisms of various catalyst types in these conversion systems are introduced and discussed. Electron paramagnetic resonance and scavenger studies reveal the major active species (˙OH and ˙O2 -) in the photocatalytic conversion of biomass to different value-added products.