Lightweight blast mitigating composite panels (10) include a first glass composite shell (14; 152), an intermediate, preferably honeycomb layer (56; 156), a reinforcing layer (60; 160), an ultra high molecular weight polyethylene fiber (UHMWPE) layer (64; 164) and a second glass composite shell (15; 168) adhered together with fire resistant adhesive layers (54; 58, 63, 66; 154, 158, 163, 166). The UHMWPE layer (64; 164) includes top and bottom coatings (70, 71) of fire resistant thermoset plastic preferably in the form of a paste. The panels (10) have use in a wide range of applications including in a blast mitigating overhead storage bin (100). The storage bin (100) includes a main body portion (133) defining a storage area formed from composite unarmored and armored panel segments (137, 138; 128-132). The unarmored and armored panel segments (137, 138; 128-132) share first and second shells (14, 15) to form an integral main body portion, with the armored panel segments (128-132) providing blast protection between the storage area and a wall (125) of an airplane cabin (120).