Contaminants of emerging concern (CECs) are chemicals or materials that are not under current regulation but there are increasing concerns about their possible occurrence in the environment because of their potential threat to human and environmental health, with wastewater perceived as their primary source. Although various techniques for their removal from water have been studied, it should be emphasized that the choice should also consider the use of resources and energy within the removal processes, which must be minimized to avoid additional carbon footprints and environmental impact. In this context, the use of biomass-based sorbents might represent a cost-effective and environmentally friendly approach for the removal of CECs from water because they are based on preferably local renewable resources with lower negative impacts on the global carbon cycle through greenhouse gas emissions than the conventional nonrenewable ones. This paper provides an overview of the studies dealing with the application of such so-called biosorbents for the removal of CECs from water and discusses the use of their different forms: sorbents after a minimal pretreatment of the original lignocellulosic biomass; sorbents extracted from lignocellulosic biomass and/or modified; and biochar-based sorbents obtained after thermochemical conversion of biomass. It explains possible modifications of biosorbents and discusses the efficiency of various biosorbents for the removal of selected emerging compounds that belong to the classes of pharmaceuticals, personal care products, and pesticides and compares the adsorption capacities, kinetic models, and mechanisms reported in the relevant literature. Biochar-based sorption has been studied more often if compared to other considered biosorbents. In some cases, removal efficiencies of contaminants greater than 90% were achieved, but nonetheless a wide range of efficiencies for different CECs indicates that for successful simultaneous multicompound removal, a combination of different processes seems to be a more appropriate approach than the stand-alone use of biosorbents. Finally, this review discusses the reasons behind the limited commercial application of the considered biosorbents and provides directions for possible further research, in particular the use of spent biosorbents from a perspective of circular systems.