Hollow nanoreactors (HoNRs) have regarded as an attractive catalytic material for photocatalysis due to their exceptional capabilities in enhancing light harvesting, facilitating charge separation and transfer, and optimizing surface reactions. Developing novel HoNRs offers new options to realize controllable catalytic behavior. However, the catalytic mechanism of photocatalysis occurring in HoNRs has not yet been fully revealed. Against this backdrop, this review elaborates on three aspects: 1) the fundamental theoretical insights of HoNRs-driven photocatalytic kinetics; 2) structure-performance relationship of HoNRs to photocatalysis; 3) catalytic advantages of HoNRs in photocatalytic applications. Specifically, the review focuses on the fundamental theories of HoNRs for photocatalysis and their structural advantages for strengthening light scattering, promoting charge separation and transfer, and facilitating surface reaction kinetics, and the relationship between key structural parameters of HoNRs and their photocatalytic performance is in-depth discussed. Also, future prospects and challenges are proposed. It is anticipated that this review paper will pave the way for forthcoming investigations in the realm of HoNRs for photocatalysis.