Plastics are used in a great number of applications; therefore, the production of the sector intensively increases. It is estimated that in future, the production of plastics can double by 2035 and almost quadruple by 2050. Still globally, most of the plastic waste is landfilled. Only 9% of plastic waste generated between 1950 and 2015 was recycled. New strategy of European Commission proposes actions designed to make the vision for a more circular plastics economy a reality. The circular economy represents an alternative, more sustainable model to the traditional linear economy. EC has approved new recycling targets for plastics to a minimum of 50% by the end of 2025 and to a minimum of 55% by the end of 2030. Changes that will be introduced in design and production of plastics will contribute to increasing their recycling rates for all key applications. The new strategy will help achieve the priority set by the UE for an energy union with a modern, low-carbon and energy-efficient economy and will make a tangible contribution to reaching the 2030 sustainable development goals.