A technique called biofloc technology (BFT) is an environmentally friendly method for aquaculture in which a successful growing cycle depends on the maintenance and monitoring of water quality parameters. Studies have revealed that improving water quality in BFT and maintaining the safety range of the parameters can help to increase the growth performance of cultured species. Following a systematic review of the literature, a meta-analysis was performed to explore how some important water parameters such as pH, dissolved oxygen (DO), nitrite (NO2–N), nitrate (NO3–N), ammonia (NH3–N), total ammonia nitrogen (TAN), total suspended solids (TSS), and alkalinity were influenced by different BFT systems. The PRISMA screening process was followed, and 33 studies were eligible for the meta-analysis. The meta-analyses showed that NO2–N and TSS were significantly affected by BFT, while pH, DO, NO3–N, NH3–N, TAN, and alkalinity were not significantly influenced by this system. The analyses revealed that NO2–N had a significant negative effect size due to BFT, whereas TSS showed a significant positive effect size. The study also revealed some publication bias in which few experiments of some studies showed extremely positive and negative effect sizes due to BFT application in the system. Overall, the findings suggest clear evidence of the profound influence of BFT on the water quality parameters in different aquaculture systems, suggesting the future development of BFT for sustainable and environmentally friendly aquaculture production.