The pervasive environmental buildup of plastics is spurred by their ever-increasing usage and enduring nature, presenting a significant environmental challenge confronting contemporary societies. Ecosystems, the economy, and living forms are all susceptible to the adverse effects of the abundance of plastic waste in various environmental matrices. Also, weathering can further break down the collected waste plastics into tiny particles such as nano (micro) plastic, producing massive amounts of plastic waste. A diagnosis of plastic waste proliferation is required for its sustainable management plan. This review presents the role of sustainable development goals and the circular economy concept as promising approaches to plastic reduction. A viable alternative to address waste management and the global plastic pollution challenge is through recycling and BPs. In addition, the study offers insights into instances when these strategies can result in lessening emissions and suggests significant potential for further research that incorporates the circular economy and SDGs to address the prevailing plastic pollution challenge.