Particle board, also known as chipboard or low-density fiberboard, is an engineered wood product manufactured from wood chips or jutestick chips and a synthetic resin or other suitable binder, which is pressed and extruded.
Advantages of particle board
The surfaces of particleboard is usually smoother than that of plywood
Particle boards are created using scraps of other lumber products, which makes it environment-friendly
Particle boards are very light in weight. Furniture made from these boards is relatively easy to transport and move around.
Particle board is definitely more cost effective than plywood.