Adding different materials to soil can improve its engineering properties, but traditional materials such as cement, lime, fly ash, etc., have caused pollution to the environment. Recently, biopolymers have shown many advantages, such as economy and environmental protection, which make them applicable to geotechnical engineering. This study summarizes the effects of biopolymers on soil’s engineering properties and the main directions of current research. Firstly, the advantages and disadvantages of a variety of widely used biopolymer materials and their effects on the specific engineering characteristics of soil (i.e., water retention characteristics, strength characteristics, permeability characteristics, microstructure) are introduced, as well as the source, viscosity, pH, and cost of these biopolymers. Then, based on the theory of unsaturated soil, the current research progress on the water retention characteristics of improved soil is summarized. The key factors affecting the strength of biopolymer-treated soil are introduced. Due to the actual environmental conditions, such as rainfall, the permeability and durability of biopolymer-treated soil are also worthy of attention. In summary, it is necessary to study the variation laws of the engineering properties of biopolymer-treated soil in the full suction range, and to predict such laws reasonably. The relevant results are conducive to the safer and more scientific application of biopolymers in geotechnical engineering practice.