Biocomposites are considered as the next-generation materials as these can be made using natural/green ingredients to offer sustainability, eco-efficiency, and green chemistry. Nowadays, biocomposites are being utilized by numerous sectors, which include automobile, biomedical, energy, toys, sports, and so on. In this review article, an effort has been made to provide a comprehensive assessment of the available green composites and their commonly used processing technologies for the sake of materials’ capabilities to meet up with demands of the present and forthcoming future. Various types of natural fibers have been investigated with polymer matrixes for the production of composite materials that are at par with the synthetic fiber composite. This review article also highlights the requirements of the green composites in various applications with a view point of variability of fibers available and their processing techniques. This review is specially done to strengthen the knowledge bank of the young researchers working in this field.