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A holster assembly for use with a hand-held utility knife having a segmented blade. The holster assembly comprises a plastic holster having a generally hollow interior. The holster may have a slot therethrough and a guide leading to the slot for a user to guide an endmost blade segment of a utility

A holster assembly for use with a hand-held utility knife having a segmented blade. The holster assembly comprises a plastic holster having a generally hollow interior. The holster may have a slot therethrough and a guide leading to the slot for a user to guide an endmost blade segment of a utility knife into engagement with the slot. By simply twisting the knife, a user may break off the endmost blade segment exposing a fresh cutting edge. A generally hollow blade well may be located inside the hollow interior of the holster and function to collect the used blade segments. The blade well may have a slot and guide therein.

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[ What is claimed is:] [1.] A holster assembly for use with a utility knife adapted to receive and hold a segmented blade, said holster assembly comprising:a holster having a generally hollow interior adapted to receive and hold said utility knife in a portion thereof, said holster having an open to

[ What is claimed is:] [1.] A holster assembly for use with a utility knife adapted to receive and hold a segmented blade, said holster assembly comprising:a holster having a generally hollow interior adapted to receive and hold said utility knife in a portion thereof, said holster having an open top,a blade well located inside said generally hollow interior of said holster in another portion thereof, said blade well having at least one upstanding sidewall, said at least one upstanding sidewall having a slot therethrough whereby an endmost segment of the knife blade is selectively placed into the slot and the knife twisted in order to break off the endmost segment of the knife blade, the endmost segment falling inside said blade well, wherein said utility knife is removable through said open top of said holster.