Phthalate esters (PAEs) are widely used in the manufacturing of plastics, and the demand for PAEs has grown rapidly, especially in China. This trend will lead to much more environmental PAE contamination. PAEs are listed as priority substances in the European Union and are therefore subject to ecological risk assessments. This paper reviews the literature concerning the pollution status of PAEs and their ecological risk to aquatic environments. Risk quotients (RQs) based on the predicted no effect concentration and PAE concentrations in aquatic environments demonstrated significant (10 ≤ RQ < 100) or expected (RQ ≥ 100) potential adverse effects for algae, Daphnia, and fish in aquatic environments near PAE-based industrial and urban areas. Thus, the ecological risk of PAEs in Chinese aquatic environments should be considered, especially in areas where commercial plastics are produced.