The nonlinear dynamics of wave envelopes modulated in 2 + 1 dimensions is considered for two systems in plasma physics: (i) Langmuir pulses and (ii) intense (but weakly relativistic) electromagnetic (EM) pulses. Using singular perturbation techniques applied to an envelope approximation, both problems are reduced to the two-dimensional nonlinear Schrödinger (2DNLS) system, which describes the dynamics of two coupled slowly varying potentials. The general 2DNLS system exhibits a rich variety of phenomena, including enhanced (compared with ‘longitudinal’ propagation) modulational stability and (1D) soliton formation; decay of 1D solitons over long time scales; self- focusing regimes (determined by a virial-type condition); as well as integrability and 2D solitons. Applying our recent results on the 2DNLS system, we determine which of these phenomena can actually occur here and compute the parameter regimes. (i) The 2DNLS system for the Zakharov equations is modulationally unstable for all parameter values. It also has an integrable sector and a self-focusing regime. (ii) The 2DNLS system describes coupled ‘longitudinal’ and ‘transverse’ modulations of linearly or circularly polarized EM pulses propagating through a warm unmagnetized two-component neutral plasma with arbitrary masses (i.e. electron—positron or electron—ion). The pulse can accelerate particles to weakly (but not fully) relativistic velocities; relativistic, ponderomotive and harmonic effects all contribute to the nonlinear terms. The resulting 2DNLS system does not admit a self-focusing regime. Parameter values leading to an integrable case (the so-called ‘Davey—Stewartson I’ equations, which admit 2D soliton solutions) are computed; however, the required values would not be attainable in a laboratory or astrophysical setting. None the less, the existence of new nonlinear modulational instabilities associated with the second spatial degree of freedom already represents an important potential limitation on any (1 + 1)-dimensional approach to nonlinear evolution and modulational instability of plasma EM waves.