Due to the broad particle size distribution as well as non-spherical shape of natural rubber (NR) latex particles, the non-collapse hollow NR latex particles (HL-NRPs) with well-defined void structure were developed aiming to use as an eco-friendly white pigment/additive for coatings. These hybrid HL-NRPs were prepared via the seeded emulsion polymerization of methyl methacrylate/divinylbenzene/acrylic acid (MMA/DVB/AA) monomers on NR core particles in one-pot. Using cumene hydroperoxide (CHP)/tetraethylene pentamine (TEPA) as a redox initiator, the copolymerization occurred at the particle/water interface. Without seed removal, a single void inside NRP was in situ formed by the phase separation process. Hydrophobic and elastic NR became the inner wall which strengthened the HL particles. Whereas its indigenous stabilizers, i.e., proteins-lipids, allowed the osmosis from the aqueous medium to further expand the void. The proposed mechanism was illustrated using oleic acid (OA) as a model fatty acid for non-rubber substances. Since the multiple light scattering inside the hollow structure could enhance their refractive index, the optical performance of HL-NRPs as a low-density opacifying agent in poly(vinyl alcohol) matrix, was examined using UV-Vis spectroscopy. Results showed that the HL-NRPs-based films exhibited high blocking ability over UV and visible regions. Moreover, the HL-NRPs coated with chitosan (CS) enabled these nanocomposites to adsorb the formaldehyde vapor. For sustainable development, HL-NRPs/CS could potentially be a green alternative white pigment/additive for coatings.