Abstract2D materials with their fascinating physiochemical, structural, and electronic properties have attracted researchers and have been used for a variety of applications such as electrocatalysis, photocatalysis, energy storage, magnetoresistance, and sensing. In recent times, 2D materials have gained great momentum in the spectrum of photocatalytic applications such as pollutant degradation, water splitting, CO2 reduction, NH3 production, microbial disinfection, and heavy metal reduction, thanks to their superior properties including visible light responsive band gap, improved charge separation and electron mobility, suppressed charge recombination and high surface reactive sites, and thus enhance the photocatalytic properties rationally as compared to 3D and other low‐dimensional materials. In this context, this review spot‐lights the family of various 2D materials, their properties and their 2D structure‐induced photocatalytic mechanisms while giving an overview on their synthesis methods along with a detailed discussion on their diverse photocatalytic applications. Furthermore, the challenges and the future opportunities are also presented related to the future developments and advancements of 2D materials for the large‐scale real‐time photocatalytic applications.