The growing environmental concerns related to industrial effluents and waste underscore the urgent need for sustainable and cost‐effective wastewater treatment solutions. This review investigates the efficacy of palm waste‐derived adsorbents for removing heavy metals and organic pollutants from wastewater. It explores various modifications—including physical, chemical, and nanomaterial enhancements—applied to palm waste materials such as palm kernel shells, empty fruit bunches, and palm oil fuel ash, aimed at improving their adsorption capacities. The review reveals that these modified palm waste adsorbents demonstrate high removal efficiencies for contaminants like Cu(II), Pb(II), and organic dyes, often surpassing conventional adsorbents. Nonetheless, challenges remain, such as optimizing adsorbent preparation, understanding adsorption mechanisms in multi‐component systems, and enhancing adsorbent reusability. This review highlights the need for continued research to address these issues and advance the application of palm waste‐based materials in sustainable wastewater treatment.