The use of structural lightweight concrete in the construction industry is on the rise in the last few decades mainly because of the higher strength per unit density, as it reduces the total deal load of the structural elements as compared with normal strength concrete. In addition, the environmental concerns of the concrete industry have gained supreme importance in recent times, demanding vital and effectual steps. In this regard, the current study was carried out to formulate an alternative approach for producing a sustainable lightweight structural concrete. The study followed two stages: initially, the selection of optimized manmade plastic aggregates based on trial concrete mixes, and finally, to gauge the physical-, mechanical- and durability related properties of the concretes integrating optimized manmade aggregate series at different replacement fractions. As a result of the first phase: two aggregate series out of eight were selected based on the compressive strength and durability properties of their concretes. In the next stage, all the properties for the optimized aggregate concrete were analyzed in terms of compressive strength. It was noted that the physical, mechanical and chloride penetration resistances have generally displayed a decreasing trend, with an increase in the manmade plastic aggregate replacement fractions as compared with reference lightweight concrete. However, the two aggregates, i.e., 70% DS-30% LLDPE and 50% QF-50% PET at the replacement fractions of 25% and 100%, were found to be the best two contenders that fulfilled the criteria for structural lightweight concrete, i.e., ASTMC330/C330M-14, and were proposed for structural lightweight purposes with low and relatively high strength and chloride resistance-based durability requirements, respectively. In addition, the brittleness ratios and structural efficiency parameters for the concretes of the 70% DS-30% LLDPE and 50% QF-50% PET also supplemented the aforementioned findings. Overall, this study presents a sustainable approach for the effective utilization of plastic waste for producing structural lightweight concrete.