Cold water-soluble PVOH/alkyl acrylate copolymers are provided with a substantially random distribution of monomers which is reflected in the polymer' s cold water solubility, GPEC chromatograms and may be confirmed by C13 NMR. The product is particularly useful for films used in packaging and for encapsulating particulate products. Encapsulated products which may be provided include fertilizer or other agricultural products, pharmaceutical products, biomedical products and cosmetic products.