Plastic production and its end-of-life management pose a significant environmental footprint. The mitigation strategies of the plastic industry are comparatively attainable than the other hard-to-abate sector. However, the involvement of different stakeholders is needed. The life cycle analysis proposed in this study allocated the environmental footprint to stakeholders based on the game theory concept. It addresses the limitation of previous approaches that do not guarantee the stakeholders from different stages will participate in the initiatives with the lowest net environmental footprint due to the dissatisfaction or imbalance in the allocated unburdening footprint (benefit) and burdening footprint. The applicability of the proposed approach is demonstrated through a plastic recycling case study. An allocation of 82 % of environmental benefit to the producer, 14 % to the manufacturer, and 4 % to the user are suggested to achieve efficiency (lowest external interference) and stable cooperation (participation in recycling). This work serves as an initial assessment in demonstrating the integration of the game theory concept in environmental footprint allocation or Life Cycle Assessment.