The reinforcement of polymers with carbon or glass fibers is the reason for their incredible success as ideal lightweight construction materials. However, one challenge with these materials is their recyclability. True recycling, meaning achieving the same performance level as virgin material, is impossible, especially with mechanical recycling processes, because the reinforcement structure is destroyed. Additionally, thermoplastics undergo molecular degradation and changes in the properties of the materials. Therefore, polymer fiber-reinforced plastics may have an advantage here, as polymer fibers are much more flexible than glass or carbon fibers. We investigated the production and recyclability of microfibrillar composites (MFCs) made of polypropylene (PP) and polyethylene terephthalate (PET). The samples were produced using extrusion-based 3D printing with different parameters, and their morphology and mechanical properties were examined. The samples were crushed, and the residue was fed back into the production line. The process was repeated with the samples produced from regenerate. The results prove that the printing process can be controlled to ensure the presence of fibers in samples made from recycled material. However, it is important to note that the mechanical properties decrease with each additional processing cycle. The choice of manufacturing parameters, especially in 3D printing, is crucial for achieving good properties.