This study investigates the fracture behavior of glass fiber-reinforced plastic (GFRP) under various loading conditions using acoustic emission (AE) testing. Using fracture tests and time series analysis of AE signals, parameters such as b-value, improved b-value (Ib-value), and energy b-value (be-value) were examined to understand crack initiation, growth, and structural failure. The stress-strain curve revealed distinct responses during tensile and step loading, and time series analysis highlighted variations in amplitude, AE energy, and Kaiser and Felicity effects. Under tensile loading, the Ib-value exhibited a linear decrease, while step loading introduced complexities, including the Felicity effect. The be-value, incorporating energy considerations, fluctuated, providing insights into micro-cracks and macro-cracks. Statistical analysis demonstrated a consistent decrease in the be-value, emphasizing its potential for long-term monitoring. This study provides a comprehensive technique for assessing composite material fracture behavior, enhancing understanding for critical applications in hydrogen storage vessels and pressure pipes as well as advancing reliability and safety in industrial sectors.