The research on polymeric composites is always in the stage of enhancing the properties. Several researches have been explored in recent decades to investigate the behaviour of both man-made fibre and bio-fibre-reinforced composites. In all these works, an artificial polymeric resin has been utilized as the matrix and it has been revealed that though they provide competent properties, the composites are partially degradable. To enhance the degradability to the fullest extent, both the reinforcements and the matrix must be biodegradable and this could be achieved only if both are derived from natural sources. During the synthesis of a bio-resin, a series of treatments must be followed to make it in to a usable form. The present work addresses a comprehensive survey about various bio-resins, their applications, various synthesis methods followed and the challenges faced during incorporation of reinforcement during composite formulation. The work also gives a clear picture on the challenges faced during characterization of green resin-based composites.