rajeevk,
The PVC pipe suggested by JStephen is probably the lowest installed cost in the small to medium diameters < 16". If the line size is larger, or a tougher material is required, then HDPE pipe fusion joined (driscopipe) would be the next choice (no thrust blocks required). For even larger sizes a resin + mortar pipe is made by HOBAS, very similiar to concrete pipe. There is also some HDPE pipe designed with bell and spigot push-on joints like the PVC or ductile iron pipe. Fiberglass pipe is also used for underground piping, but is usually more costly depending on thickness. If the pipe is above ground, then it is a different choice of pipe material due to supports, and sun ultra-violet degradation of plastics. Ductile iron, plastic, and concrete pipe all avoid the coat and wrap corrosion protection required for buried carbon steel. If the pipe is above ground and large diameter, then cement lined steel might be best. HDPE pipe laid on the ground is used by open pit mining. If the treated sewer water pipe can be laid on the ground, then the HDPE would be considered.
I think the continuous plastic liner mentioned by EdStainless is the Insituform fiberglass with a partially cured resin liner that is flat when pulled into the sewer, inflated and then cured with hot air. The HDPE fusion joined pipe is also made in diameters where it can also be pulled into existing sewer pipe to repair and re-line old sewer pipes.