This review paper provides potential information of lignocellulosic biomass as an abundant, renewable, and cost effect for various industrial applications. It emphasizes the role of lignocellulolytic enzymes (cellulases, hemicellulases and lignolytic enzymes) in processing lignocelluloses which particular focus on diversity and effectiveness of actinomycetes. Potential of the pulp and paper industry to transform its processes and products on non-biodegradable based plastics and enhancing environmental sustainability. Application of lignocellulolytic enzymes, particularly from actinomycetes for the degradation of lignocellulosic biomass. Analysis of ecological and economic benefits of utilizing lignocellulosic waste generated from agricultural, forest and agroindustrial activities. This review critically evaluates the studies of environmental impact, biodegradability of lignocellulose-derived polymers and chemicals compared to their petrochemical. Primarily, it emphasizes that lignocellulosic biomass obtained from various sources like agriculture, forestry and agroindustrial activities is abundant and economically feasible as a feed stock. Actinomycetes are identified as a enzyme production due to their diverse and effective lignocellulose-degrading capabilities. pulp and paper industry’s proactive approach to sustainability challenges, exploring innovative processes and products derived from lignocellulosic biomass. This review concludes that lignocellulosic biomass represents a significant opportunity to develop sustainable and economically viable alternatives to petroleum based products. Use of lignocellulolytic enzymes from actinomycetes for processing lignocellulosic materials can lead to the production of biodegradable and environment friendly chemical materials. in India, Pulp and paper industry is well positioned to lead adoption of lignocellulosic biomass in various applications beyond traditional uses, contributing to reduced carbon emissions and environmental pollution. Continued research and development are essential to optimize enzyme production, enhancing economic and environmental benefits of lignocellulosic biomass utilization.