The invention provides a bagasse-based mulch film and a production method thereof, and relates to the field of biomass reuse. The mulch film comprises, by weight, 40-60% of bagasse fibers, 10-20% of chitin nano-whiskers, 10-20% of bagasse biomass carbon, 1-3% of nano-CaCO3, 1-3% of nano-TiO2, 3-10% of polyvinyl alcohol, 3-10% of corn starch, 1-3% of glycerin, 1-5% of a water retention agent, 1-3%of sorbitan fatty acid ester and 0.1-0.5% of mineral matters. The production method comprises the following steps: bagasse fiber preparation, chitin nano-whisker preparation, bagasse biomass carbon preparation, nonwoven netting and bond curing. The mulch film has good strength and air permeability, is degradable, can improve soil after being degraded, and improves the utilization values.