Engineered wood is artificially made wood, they are specially crafted to bring out the best properties in wood that a woodworker is looking for.
Laser plywood is a specially crafted wood for laser cutters, they come with a smooth and thick veneer. Laser cutters can smoothly cut through them and are easy to work with.
It has a uniform grain distribution which helps in getting effective cuts across the material. When engraved they give pretty neat designs, especially when engraving letters.