Applying coatings of paraffins and other synthetic waxes is a common approach to impart hydrophobic properties to fibres and thus control their surface characteristics. Replacing these fossil-based products with alternatives derived from renewable resources can contribute to humankind’s transition to a sustainable bioeconomy. This study presents the coating of hemp fibres with waxes extracted from pine bark as an exemplar application. Two bio-based emulsifiers were used to prepare wax emulsions suitable for a dry blending process. The coatings on the fibres were characterised, quantified, and visualised using a combination of spectroscopic and microscopic techniques. Confocal fluorescence microscopy was an excellent tool to investigate the spatial distribution of the pine bark waxes on the fibre surfaces. While successful deposition was demonstrated for all tested formulations, coating homogeneity varied for different emulsifiers. Compounding the hemp fibres with a bio-based polyester resulted in the substantial improvement of the mechanical behaviour. However, the presence of a wax coating on the fibres did not lead to a significant change in mechanical properties compared to the controls with uncoated fibres. Optimising the composite chemistry or adjusting the processing conditions might improve the compatibility of the hemp fibres with the matrix material, resulting in enhanced mechanical performance.