Paper capacitors use Paper as a dielectric material. Two thin tin foil sheets are taken and placed between thin waxed or oiled paper sheets. This paper acts as a dielectric. Now-a-days paper is being replaced by plastic.
These sheets are sandwiched and are rolled into a cylindrical shape and encapsulated in a plastic enclosure. Leads are drawn out. The following figure shows an example of Paper Capacitors.
Paper capacitors are available in the order of 0.001µF to 2µF and the voltage rating can be as high as 2000volts. These capacitors are useful in high voltage and current applications.