This review summarizes recent data related to the management of marine plastic litter to promote sustainable development. It discusses the distribution and identification of marine plastic litter, assesses the potential socio-economic and environmental impacts of these pollutants, and explores their recovery strategies, from a circular economy perspective. The main findings indicate that the majority of marine plastic litter originates from land-based sources. Current technologies and approaches for valorizing marine plastic litter include mechanical and chemical recycling, blockchain technologies by providing traceability, verification, efficiency and transparency throughout the recycling process, and public awareness programs and education. The developed policies to prevent marine plastic litter emphasize regulations and initiatives focused toward reducing plastic use and improving plastic waste management. By adopting a holistic and sustainable approach, it is possible to mitigate the environmental impact of marine plastic debris while simultaneously creating economic opportunities.