Living in a society where plastic has become a necessity, the over-reliance on these materials is quite disturbing as they have social and economic effects, especially in waste disposal and resource management. Such issues have introduced the circular plastics economy (CPE), which aims to eliminate plastic waste by focusing on reducing, recycling, and reusing (3R) and designing biodegradable plastic products. Owing to these facts, a systematic literature review (SLR) was conducted to analyze the existing literature on circular economy principles and plastic waste management systems in terms of 3R initiatives. Also, this study showcases the CPE by investigating how it is possible to manage plastic within a circular economy instead of a linear system. Additionally, system dynamics modeling (SDM) was applied to examine the inter-relationships between key elements such as plastic production, waste generation, recycling rates, and regulatory actions, along with the cognizance phase of waste diversion and advanced sorting technology to minimize landfill dependency and environmental pollution initiatives, including producer responsibility programs and zero-landfill targets. This study accumulated that zero waste strategies, such as plastic circularity, national waste management, and high-quality recycling, have achieved recycling rates ranging from 30% to 81% across various countries, significantly reducing plastic waste and enhancing resource efficiency. However, the added strategies in countries that are related to policy-driven initiatives can prospectively be useful for increasing recycling capacity to eliminate plastic waste in landfills, promoting a circular economy and sustainable waste management practices. This study also involved the critical stakeholders of the CPE who will make the utilization of plastic waste a reality. Ultimately, this research contributes to the fast-growing knowledge base on plastic waste management by presenting an interdisciplinary framework based on model synthesis and mathematical modeling, which is crucial for decision-makers, industries, and researchers.
