Ring:chain equilibria (RCE), existing under appropriate reaction conditions, between a linear polyester and the corresponding family of macrocyclic oligomers (MCOs), were exploited to develop an original compatibilizing pathway for preparing eco-composites based on hemp fibres and a biodegradable random co-polyester, namely poly(1,4-butylene adipate-co-terephthalate) (PBAT) with 50:50 adipate:therephthalate proportion. Cyclo-depolymerization (CDP) of PBAT was successfully carried out at high dilution using various solvents, catalysts, and reaction times. The reconversion of MCOs into linear chains by entropically-driven ring-opening polymerization (ED-ROP) occurs by simple heating in the bulk. This reaction, after optimization of catalyst amount, temperature, and reaction time, was used for the surface modification of hemp fibres. PBAT-based eco-composites containing hemp fibres as such or pre-modified by treatment with the MCOs were then prepared and characterized by morphological and mechanical analysis.