Marine chlorophyll which is present within phytoplankton are the basis of photosynthesis and they have a high significance in sustaining ecological balance as they highly contribute toward global primary productivity and comes under the food chain of many marine organisms. Imbalance in the concentrations of phytoplankton can disrupt the ecological balance. The growth of phytoplankton depends upon the optimum concentrations of physiochemical constituents like iron, nitrates, phosphates, pH level, salinity, etc. and deviations from an ideal concentration can affect the growth of phytoplankton which can ultimately disrupt the ecosystem at a large scale. Thus the analysis of such constituents has high significance to estimate the probable growth of marine phytoplankton. The advancements of remote sensing technologies have improved the scope to remotely study the physiochemical constituents on a global scale. The machine learning techniques have made it possible to predict the marine chlorophyll levels based on physiochemical properties and deep learning helped to do the same but in a more advanced manner simulating the working principle of a human brain. In this study, we have used machine learning and deep learning for the Bay of Bengal to establish a regression model of chlorophyll levels based on physiochemical features and discussed its reliability and performance for different regression models. This could help to estimate the amount of chlorophyll present in water bodies based on physiochemical features so we can plan early in case there arises a possibility of disruption in the ecosystem due to imbalance in marine phytoplankton.