The best replacement for plywood is osb.

The best alternatives to plywood are rated as following:
★★★★★  osb
★★★★  mdf
★★★  particle board
★★  solid wood
★★  osb subfloor
★  drywall
★  osb sheathing
★  particle board cabinets
★  osb roof
★  osb for roof sheathing
  melamine
  mdf for cabinets
  box spring
  mdf cabinets
  mdf weight
  osb stronger
  treated plywood
  osb board
  osb for flooring
  osb weight
  backer board
  chipboard
  osb for subfloor
  sheathing
  pressboard
  marine plywood
  pressed wood
  cement board
  hardboard
  mdf strength
  exterior plywood
  luan
  pressure treated
  mdf subwoofer
  balsa
  osb for floors
  osb roof sheathing
  sheetrock
  press wood
  plywood
  advantech
  particleboard
  furniture board
  osb roofing
  coosa
  treated
  cdx plywood
  veneer
  masonite
  paneling
  oak
  waferboard
  plyboard
  cdx
  osb for sheathing
  lumber
  wood boards
  oriented strand board

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Google Trends

Scale is based on the average worldwide traffic of plywood in all years. Click on graph for more.
plywood
osb
mdf