The invention discloses a treating and recycling method for bobbin-paper production waste pulp, and belongs to the technical field of environment engineering. The two-stage bobbin-paper production waste pulp treating and recycling technology based on the aerobic granular sludge technology has the advantages that the quantity of fed chemicals is small, the occupied area is small, the running period is short, and running control is easy. High-load waste pulp is treated through aerobic granular sludge of an adsorption section, fiber substances in the waste pulp can be efficiently concentrated, and resource substances are recycled; the water discharged out of the adsorption section is treated through aerobic granular sludge of a biochemical section, and it can be guaranteed that the generated water can be discharged in a stable-standard-meeting mode. By means of the method, the adsorption quantity of the fiber substances and the adsorption quantity of protein substances of the aerobic granular sludge in the adsorption section are up to 710 mg/gMLSS and 140 mg/gMLSS respectively, the COD concentration, the NH4-N concentration, the TP concentration and the SS concentration of the water discharged out of the biochemical section are 98 mg/L, 4.1 mg/L, 0.8 mg/L and 100 mg/L respectively, the removing rates of COD and SS are up to 98.8% and 96.2% respectively, and the discharged water meets the corresponding discharging standards.