Jackfruit is a potential natural resource for many valuable biomaterials. The wastes from jackfruit are rich in carbohydrate, proteins, fats and phytochemicals. These wastes can be used as feedstock for the development of various bioproducts. The pretreatment strategies like biological, physical and chemical methods are being used for effective valorization of fruit wastes into value added products, like bioethanol, biogas, bioplastics, feeds, functional food additives, and other useful compounds. Bioenergy production from such renewable resources is an eco-friendly and cost-effective alternative option of fuels, unlike fossil fuels. The efficient bioconversion of fruit waste into useful biomaterials is facilitated by microbial fermentation process. Also, jackfruit peel is applied in the pollution abatement by remediation of dyes color from contaminated aquatic environment. Such technology can be used to develop a green economic model for waste utilization. This review addressed the utilization feasibility of jackfruit waste to produce value added products in order to reduce wastes and protect environment in a sustainable way.