Bagasse is a long-fiber material, but the usual process for extracting sugar (wire brushes, crushing) leaves you with more of a powder. Longer fibers can be extracted, oriented, and used to make oriented strand board, which is like particleboard but with more tensile strength. Here's some research in Brazil on that.[1] Brazil being the world's largest produce of sugar cane residue, they have plenty of raw material to work with.

Probably good for making IKEA-type furniture even more cheaply.

[1] http://article.sapub.org/pdf/10.5923.j.ijme.20120204.04.pdf