In recent years, waste management strategies have shifted from waste disposal to recycling and recovery and consider waste as a potential new resource. To monitor the progress of these waste management strategies, government policies have developed a wide range of indicators. In this study, we analyzed the concept of the recyclability benefit rate indicator, which expresses the potential environmental savings that can be achieved from product recycling over the environmental burdens of primary production followed by disposal. Therefore, this indicator is based on the estimation of value impact obtained through life cycle assessment practices. In this research, this indicator was applied in two cases of recycling. Each case is compared with an incineration scenario and a landfill scenario. It is to be mentioned that closed-loop recycling is the process by which a product or material can be used and then turned into a new product /converted back to raw material without losing its properties during the recycling process. By reducing the production and use of raw materials, closed-loop recycling minimizes harm to the environment and discourages resource depletion. Open-loop recycling is the process by which a product is recycled but has to be mixed with raw materials to become a new product. In conclusion, the results show that both closed-loop and open-loop recycling are more resource efficient than landfill and incineration with energy recovery.