Justin,
Melamine is still a great product for racks despite its weight. It's worth it for you to find it if you can.
I have been able to buy full sheets of it at both Lowes and Home Depot, depending on the region. I see it occasionally at Menards, again depending upon the area of the country.
Lumber yards and cabinet shops are also good sources for melamine and in fact often carry higher quality products than large Home Improvment centers.
If you can't find it I'm sure you can find melamine shelving. In fact I pretty much only use the bull-nosed melamine shelving from Menards for racks. For around $25 I can cut eight full shelves. For the same money of melamine sheet I can get ten. I'll gladly pay the extra 50 cents per shelf for the finished bull-nosed edge and because it is already cut down (I can't fit a full sheet of melamine in my truck).
The same holds true for the melamine shelving that has edge-tape applied. The edge tape on these shelves is applied with banding machines worth more than my house and that quality is hard to match. The melamine on the shelves itself is also of very high quality.
So at least use melamine or melamine shelving for the the individual shelves. For the sides, you can use just about whatever you want. HTDesigns, a frequent poster on this forum, uses shower board which is very cheap and light. I have used 1/2" plywood and solid pine for the sides.
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Current snakes:
0.1 Gonyosoma oxycephala - (Silver/Yellow)
1.2 Gonyosoma oxycephala - (Green)
7.6 Gonyosoma janseni - (Black)
0.1 Gonyosoma janseni - (Black & Tan)