The paper comprehensively reviews durable polylactic acid (PLA)-based engineered blends and biocomposites supporting a low carbon economy. The traditional fossil fuel derived nonrenewable durable plastics that cannot be circumvented have spawned increased environmental concerns because of the continuous rise of their carbon footprint during processing and disposal. It is anticipated that the production of biodegradable and nonbiodegradable (durable) plastics from the year 2020 to 2025 will rise ∼47% and ∼21%, respectively. The carbon footprint can be reduced in durable (nonrenewable) plastics by decreasing or replacing the “fossil carbon” content with “renewable carbon” content. The replacement will enable us to attain a sustainable environment, a low carbon footprint, energy security, and effective resource management. Thus, PLA-based durable products need to be developed with an enhanced service life that strikes a balance between environment-friendliness and product performance for engineering high-performance applications. The recent progress for enhancing the durability of PLA-based products consisting of hybrid nonrenewable and renewable carbon has been attained by incorporating synthetic plastics, synthetic fibers (glass and carbon), natural fibers, and other biofillers (biocarbon). Further, the effects of additives such as initiators, nucleating agents, chain extenders, compatibilizers, impact modifiers, and toughening agents to prepare such blends and composites have been discussed. This Review further critically examines the advances centering on processability, heat resistance, flame retardancy, strength, and toughness. In addition to that, current and prospective applications such as automotive, electronic, medical, textile, and housing of PLA-based products are discussed. However, the challenges for tailoring durable PLA-based products that still need to be addressed, such as improved processability, striking stiffness–toughness balance, enhanced heat resistance, and improved interfacial adhesion between the polymer–polymer, polymer–filler, and hybrid polymer–filler in respective polymer blends, composites, and hybrid composites, are summarized and analyzed in this Review. Hence, the opportunities for improvement to overcome the challenges lie ahead.