This study investigated the effects of partial and total substitutions of fossil polypropylene (PP) for recycled plastic cap equivalents in the manufacture of signage labels used by the telephone industry. Four alternative scenarios to using virgin PP were evaluated considering recycled material in flake and pellet forms based on environmental performance, degree of circularity, and technical behavior. The environmental analysis was performed by the life cycle assessment (LCA) technique, and for all impact categories evaluated, using recycled material to replace the virgin reduced adverse effects on the environment. The most significant results in this dimension, with gains of 81% in the Global Environmental Indicator, occurred when recycled PP flakes entirely replaced the fossil polymer. Once again, the highest values of the Materials Circularity Indicator (MCI) were achieved by scenarios with full recycled resin in processing the tags; however, this product must also be reused. The mechanical behavior of the tags measured technical performance, and in this case, the product made with virgin PP outperformed the recycled options except for elongation. An analysis that integrated the three dimensions into a single performance index pointed to the complete substitution of virgin material for recycled as the most balanced option.