The United Nations on Tuesday, the World Environment Day, warned that every year more than 400 million tons of plastic waste is produced in the world, of which only 9 percent is recycled.
According to the report, that was released in India - which is hosting this year's event - 79 percent of waste generated from plastic accumulates in landfills or in the environment, while only 9 percent is recycled and 12 percent is incinerated.
"If current consumption patterns and waste management practices continue, then by 2050 there will be around 12 billion tons of plastic litter in landfills and the environment," said the report.
The report also pointed out that 13 million of plastic waste is thrown into the oceans every year.
"Plastic isn't the problem. It's what we do with it," Head of UN Environment, Erik Solheim, said during the release of the report in New Delhi, along with India's Prime Minister Narendra Modi, in a statement.
The report also presented a series of recommendations specifically addressed to lawmakers and world leaders to "rethink how the world produces, uses and manages single-use plastics."
"The assessment shows that action can be painless and profitable - with huge gains for people and the planet that help avert the costly downstream costs of pollution," said Solheim.
In 2015, plastic packaging accounted for almost half of the world's plastic waste, China being the biggest source of plastic packaging waste, while the United States produced the largest plastic packaging waste per capita.
Despite many countries banning its use, every year an estimated 5 billion plastic bags, which means almost 10 million plastic bags every minute, are consumed across the globe.