Plywood - especially the higher grades - is amazing stuff. I visited a plywood factory in Ontario and it really opened my eyes to how clever and precise the manufacturing of various kinds of engineered wood is.
1: One carpenter I talked to complained that MDF won't hold screws, and apparently this is a common complaint, but if you drill properly sized pilot holes and use sheetmetal screws it's pull-out strength is fine, particularly since you need thicker MDF than ply, so you can use a longer screw.
And people tend to confuse plywood with OSB, MDO, MDF, etc.
And while marine plywood (BS-1088) is great stuff, and fir marine plywood is also pretty nice stuff, it's not magic. BS-1088 is will rot in a morning dew and fir checks horribly. You have to protect it carefully and keep it protected.
https://www.treehugger.com/sustainable-product-design/materi...
Non-exotic methods of strengthening wood, made it to high levels of production in spades: plywood, oriented strand board, microlam and glulam beams, and medium density fiber board (MDF) are direct examples. Wood I-joists and plate connected wood trusses are less direct. From a functional standpoint, standardization of lumber grades is a social technology that allows designing wood members with known engineering properties.
On the chemical front, pressure treated lumber increases wood's strength across a timeline. Fire treatment increases wood strength in a narrow set of circumstances.
Of these, plywood is clearly the most successful in terms of industrial adoption being used for aircraft, boats, and furniture among other things.