Core Viewpoint - The comprehensive utilization of agricultural waste, particularly sugarcane bagasse, is crucial for environmental protection and sustainable agricultural development, with significant attention on its resource utilization in China, the world's third-largest sugarcane producer [1][3]. Summary by Sections Sugarcane Bagasse Fiber Industry Overview - Sugarcane bagasse fiber, a byproduct of sugar production, consists mainly of cellulose (40%-50%), hemicellulose (25%-30%), and lignin (18%-32%), and can be pre-treated for various applications such as mushroom cultivation substrates, ruminant feed, and eco-friendly materials [3][4]. Industry Chain of Sugarcane Bagasse Fiber - The industry chain includes upstream sugarcane planting and sugar production, with major cultivation areas in southern China. The midstream involves collection, pre-treatment, extraction, and processing, while downstream applications span paper production, packaging, power generation, and construction materials [4][5]. Current Development Status - The annual production of sugarcane bagasse in China exceeds 20 million tons, with increasing diversification in utilization methods, particularly in energy, feed, substrate, and material applications [1][6]. Import and Export Data - In the first eight months of 2025, China imported 316,100 tons of sugar beet pulp, sugarcane bagasse, and other residues from sugar production, while exporting 7,971.49 tons. The import volume decreased by 16.90% year-on-year, while exports increased by 66.85%, indicating improved domestic production capabilities [8][9]. Competitive Landscape - The market for sugarcane bagasse fiber is becoming increasingly competitive, with key players including COFCO Sugar (600737), Nongfa Seed Industry (600313), and others. Companies are focusing on biodegradable materials and eco-friendly products, with significant revenue growth reported [2][9]. Future Development Trends - High-value utilization of sugarcane bagasse fiber is a key trend, with potential applications in nanocellulose production for various advanced fields. The industry is expected to grow rapidly due to increasing market demand for biodegradable alternatives driven by environmental awareness [10][12]. Government Policies and Support - The Chinese government is expected to continue supporting the sugarcane bagasse fiber industry as part of the circular economy, with policies aimed at promoting technological research and production investment, as well as establishing industry standards [11][12].