Safety Knives Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Fully Automatic Retractable Safety Knives, Semi-Automatic Retractable Safety Knives, Concealed Blade Safety Knives, and Others), By Distribution Channel (Home Center & Hardware, Mass Retail, E-commerce, and Others), and Regional Forecast, 2024-2032

A safety knife is a utility knife to open boxes or cartons safely. These knives find application across multiple industries to avoid significant injury and maximize worker safety. In this respect, the growing demand for safety knives for various purposes and their expanding application across numerous industries drives product sales worldwide. The increasing use of safety knives at various workplaces to open boxes or cut thick materials encourages industry participants to manufacture safety knives with strong blade designs that are thick and safe to use. Safety knives featuring stainless steel or zirconium oxide do not rust and are non-conductive, making them ideal for use across industries.

Safety knives are available in different blade types and lengths. Makers of safety knives focus on knife safety, design, and affordability to ensure they are comfortable to handle. Increasing manufacturers' focus on new product development or redesigning knife blades for application across industries, including retail, medical, food, and other markets, favors market expansion.

Impact of COVID-19 on the Global Safety Knives Market

The novel COVID-19 pandemic impacted all industrial sectors worldwide, including safety knives, notably throughout 2020. Furthermore, global economic trade disruptions impacted the supply chain of various industries, including the packaging industry, directly hampering safety knife sales globally. The production of safety knives was also halted in 2020 due to the worldwide closure of manufacturing facilities.

Key Insights

The report will cover the following key insights:

• Market Dynamics.


• Supply Chain Analysis.


• Key Developments.


• Competition Landscape.


• Impact of COVID-19 on Global Safety Knives Market.

Segmental Analysis 

Based on type, the global market is divided into fully automatic retractable, semi-automatic retractable, and concealed blade safety knives segments. The semi-automatic retractable safety knives segment accounted for the largest market share in 2022 globally due to the extensive product usage across various industrial sectors to cut cardboard and other materials. Semi-automatic retractable blades are highly popular and have built-in safety technology that protects users from injuries.

Based on distribution channel, the global market is segmented into the home center & hardware, mass retail, E-commerce, and others. The home center & hardware segment will likely dominate the market throughout the forecast timeframe due to the availability of multiple types of safety knives in one store. Many companies increased their online presence during the COVID-19 pandemic in 2020 and 2021, accelerating product sales through E-commerce platforms.

Regional Analysis

The global safety knives market is geographically segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. North America is expected to dominate the market geographically over the forecast period due to the rapidly evolving logistics industry, necessitating safety knives. Introducing various types of retractable safety knives that allow the blade to retract after losing contact with the cut material will further fuel regional market expansion in the near term.

Manufacturers in the U.S. typically focus on developing high-quality safety knives combined with product innovation for industrial and professional use. Safety knives have safety technologies and quality blades that cut cardboard, paper, bagged goods, and plastic-wrapped products. Major market participants aim to expand their market presence by focusing on growing their online sales through various E-commerce websites where consumers can choose from multiple options of safety knives in terms of material, shape, and blade type. Prominent market participants across countries focus on new product development and expansion through partnerships and joint ventures to stay competitive in the intensely competitive landscape.

Key Players Covered

The report includes the profiles of major players such as Martor AG, Slice Inc., The Safety Knife Company, Techni Trade, Hyde Tools Inc., Milwaukee Electric Tool Corporation, Irwin Industrial Tools, Apex Tools Group, OLFA Corporation, and Stanley Black & Decker Inc.  

Segmentation

Key Industry Developments

• June 2022: OLFA Corporation, a Japanese company, announced the launch of SK- 16 Quick Change Concealed Blade Safety Knife featuring stainless steel. According to the company, this range of safety knives has been designed for ease of use.


• Feb 2022: Martor AG, a German safety knife manufacturer, launched the SECUNORM 185, a range of compact safety knives. The knife has an automatic blade retraction feature and is made from stainless steel.