The main topic of the presented work is the evaluation of the in-line viscometer (VIS) operation installed on the industrial line for polyethylene terephthalate (PET) foil production. The tests were performed during the regular operation of the machine, which results from the need to maintain production continuity. Polymer viscosity control is of particular importance in the production of degradable materials and recycled polymers. The processing of PET film is, therefore, a particularly difficult issue due to the presence of both of these problems at the same time. The conducted research had a two-pronged character: assessment of the correct operation of the viscosity measurement system and testing of the effectiveness of reactive additives during the extrusion process. Measurements were carried out with the use of several types of input materials, including recycled blends. The key tests were carried out with the addition of viscosity modifiers. Measurements conducted during the extrusion process confirmed the effectiveness and high sensitivity of the in-line system (VIS), while clear changes in the polymer flow characteristics were observed only after the addition of chain extenders. The in-line measurements revealed that the addition of 1% of the reactive compound increased the viscosity from the initial 150 Pa∙s to over 350 Pa∙s. The most significant increase in viscosity for the additive based on pyromellitic dianhydride (PMDA) confirms the effectiveness of the reactive extrusion method and the suitability of the used measuring. During further analysis, the obtained films were also tested. The results showed no negative effects of the reactive extrusion on the mechanical performance of the foil; however, for recycled materials, the average values of tensile strength and elongation at break have deteriorated. A positive aspect of the use of reactive additives was the greater uniformity of mechanical properties. For some materials, there was a significant increase in the haze factor (transparency), which should be considered a disadvantage.