Plant fibers’ wide availability and accessibility are the main causes of the growing interest in sustainable technologies. The two primary factors to consider while concentrating on composite materials are their low weight and highly specific features, as well as their environmental friendliness. Pineapple leaf fiber (PALF) stands out among natural fibers due to its rich cellulose content, cost-effectiveness, eco-friendliness, and good fiber strength. This review provides an intensive assessment of the surface treatment, extraction, characterization, modifications and progress, mechanical properties, and potential applications of PALF-based polymer composites. Classification of natural fibers, synthetic fibers, chemical composition, micro cellulose, nanocellulose, and cellulose-based polymer composite applications have been extensively reviewed and reported. Besides, the reviewed PALF can be extracted into natural fiber cellulose and lignin can be used as reinforcement for the development of polymer biocomposites with desirable properties. Furthermore, this review article is keen to study the biodegradation of natural fibers, lignocellulosic biopolymers, and biocomposites in soil and ocean environments. Through an evaluation of the existing literature, this review provides a detailed summary of PALF-based polymer composite material as suitable for various industrial applications, including energy generation, storage, conversion, and mulching films.