I have been manufacturing my own line of rack systems for over a year now. I started out in a similar way except that I thought I could do them better while hopefully making them at the same price or cheaper. I think I've done that but that's not either here nor there (or the place to do it). Bottom line, EPVC is the way to go in my opinion.
We started with HDPE and ended up with EPVC. HDPE bowed way too easy and scratched if you looked at it wrong. We actually bought the HDPE for about $10 sheet less than we buy EPVC for. The EPVC runs about $85-$95/sheet (whereas the HDPE was $75-$85/sheet), obviously the more you buy the better. I usually order 10-20 sheet quantities so get it closer to the low end. Those prices are for 1/2", you can cut them in half for 1/4".
Cutting either plastic can be done with a normal table saw and tools. The HDPE cuts just like wood and the residue is easy to cleanup. The EPVC on the other hand is actually easier to cut but leaves a fine dust that almost has magnetic properties as it wants to stick to everything 
The main reason that manufacturers can demand such a high price for their plastic racks is not only the plastic itself but the tools required. Most manufacturers use a plastic welder and/or a melting/bending table, both of which are expensive items. A decent welder will set you back at least $400 and a melting table will set you back at least that much. Good welders can run upwards of $1000. I'm still using one on the bottom side and am pretty happy with it. To make one or two racks, that's obviously a big investment and you're better off just buying from a manufacturer (which is how people like myself stay in business). A lot of people are building stuff out of melamine and those are great racks (although HEAVY) for the money, but generally speaking, melamine racks won't hold up much more than 18 months or so, then those people will be looking to move on to something else (or build bigger melamine units) 
Good luck on your building endeavors,
Jason @ Jason's Jungle