Waterborne polyvinyl alcohol (PVA) films show lower environmental impact but render high residual solvent on account of hydrophilicity of PVA and low volatility of water. Plasticizers have shown high potential to act as drying enhancers in some recent studies. Plasticizers triphenyl phosphate (TPP) and polyethylene glycol (PEG400) with their favorable chemical structures and relatively low molar masses are promising options. Their performances in drying waterborne PVA films are compared with the plasticizers used in earlier works, at different initial wet film thicknesses, polymer contents, enhancer contents, and enhancer molar masses. Films were solvent casted by drying PVA‐water solutions in a substrate. TPP causes maximum lowering of the residual solvent and does this at high drying rate corresponding to low initial wet film thickness and PVA content. The least value of residual solvent is 0.20% at optimum TPP loading. The next best residual solvent results of 0.21% and 0.59% are, respectively, exhibited by PEG400 and PEG6000, but at low drying rate for high wet film thickness, for both the enhancers; however, at high drying rate for low wet film thickness anomalous skinning increased the residual solvent. At 0.51%, Capstone FS‐63 also gives good results and at high drying rate. Their relative performances are correlated to the viscosity of cast solutions, glass transition temperature of films (DSC), and chemical structures of the polymer and enhancers. TPP thus proved to be most effective. SEM showed dense films and disappearance of defects with optimum loading of TPP, and TGA/DTG showed thermally stable coatings. In spite of the higher cost of TPP it can have useful specialized applications that exploit its excellent flame retardance features.