Bio-based and biodegradable polymer composites based on polylactic acid (PLA) and polybutylene succinate-co-adipate (PBSA) were developed for rigid food packaging applications. Agro-industrial residues consisting of ground leaves and branches derived from tangerine tree cultivation (pruning) were used as fillers at high loading (30 wt%) before (PRE) or after (POST) extraction of bioactive compounds. The influence of blend composition (PLA/PBSA 60/40 and 30/70), filler extraction, and the addition of antioxidants (0.5 wt%) on material properties was systematically investigated. Composites were processed via extrusion and injection molding and characterized through FTIR, SEM, tensile testing and thermal analysis. The results show that polymer blend morphology affects mechanical behavior, with co-continuous structures (60/40) exhibiting improved ductility compared to dispersed systems (30/70). The incorporation of lignocellulosic residues increased stiffness but reduced elongation at break. Extraction treatment significantly modified filler morphology and interfacial interactions, slightly improving dispersion and processability. The effect of the extracted bioactive compounds on the thermal stabilization of biocomposites was also investigated. Overall, the findings demonstrate the potential of combining biodegradable polymer blends with treated agricultural residues to produce sustainable rigid packaging materials while supporting a bio-circular approach. In fact, preliminary extraction of valuable compounds from tangerine pruning waste appears to be a convenient strategy for its efficient cascade valorization.