In recent decades, several studies have considered the use of plastic waste as a partial substitute for aggregate in green concrete. Such concrete has been limited to non-structural applications due to its low strength. This raises whether such concrete can be enhanced for use in some structural applications. This paper reports an attempt to develop a structural-grade concrete containing plastic waste aggregate with high proportions of substitution and confined with carbon fiber reinforced polymer (CFRP) fabrics. Experimental research was conducted involving the casting and testing 54 plain and confined concrete cylinders. A concrete mixture was designed in which the fine aggregate was partially replaced by polyethylene terephthalate (PET) waste plastic at ratios of 0%, 25%, and 50%, and with different w/c ratios of 0.40, 0.45, and 0.55. The results show that confinement has a substantial positive effect on the compressive behavior of PET concrete. The enhancement efficiency increases by 8–190%, with higher enhancement levels for higher substitution ratios. Adding one layer of CFRP fabric raises the ultimate strength of samples that have lost compressive strength to a level close to that of unconfined samples not containing PET. This confinement is accompanied by an increase in the slope of the stress-strain curve and greater axial and lateral strain values at failure. For the specimens confined by CFRP fabric, PET aggregate can be used as a partial substitute for sand at a replacement ratio of up to 50% by volume for structural applications. This paper also considers the ability of existing models to predict the strength of confined-PET concrete circular cross-sections by comparing model predictions with experimental results. The strength of confined PET concrete elements can’t be accurately predicted by any of the models that are already out there. It’s important to come up with a new model for these elements.