diff --git a/bin/packages/build.js b/bin/packages/build.js
index 94db7f63eadeed..9ea7e3e38829e6 100755
--- a/bin/packages/build.js
+++ b/bin/packages/build.js
@@ -124,9 +124,12 @@ function createStyleEntryTransform() {
 			// block-library package also need rebuilding.
 			if (
 				packageName === 'block-library' &&
-				[ 'style.scss', 'editor.scss', 'theme.scss' ].includes(
-					path.basename( file )
-				)
+				[
+					'style.scss',
+					'editor.scss',
+					'theme.scss',
+					'styles/*.scss',
+				].includes( path.basename( file ) )
 			) {
 				entries.push( file );
 			}
@@ -217,6 +220,7 @@ if ( files.length ) {
 			`${ PACKAGES_DIR }/block-library/src/*/style.scss`,
 			`${ PACKAGES_DIR }/block-library/src/*/theme.scss`,
 			`${ PACKAGES_DIR }/block-library/src/*/editor.scss`,
+			`${ PACKAGES_DIR }/block-library/src/*/styles/*.scss`,
 			`${ PACKAGES_DIR }/block-library/src/*.scss`,
 		],
 		{
diff --git a/lib/blocks.php b/lib/blocks.php
index 3f0e8a547a8686..7b3999bef146c2 100644
--- a/lib/blocks.php
+++ b/lib/blocks.php
@@ -349,3 +349,110 @@ function gutenberg_register_legacy_social_link_blocks() {
 }
 
 add_action( 'init', 'gutenberg_register_legacy_social_link_blocks' );
+
+if ( ! function_exists( 'wp_maybe_inline_block_style_parts' ) ) {
+	/**
+	 * Inlines tree-shaked CSS for blocks, instead of a single file.
+	 *
+	 * @param array $metadata Metadata provided for registering a block type.
+	 */
+	function wp_maybe_inline_block_style_parts( $metadata ) {
+
+		// Bail early if style is empty or not an array.
+		if ( ! isset( $metadata['style'] ) || ! is_array( $metadata['style'] ) ) {
+			return $metadata;
+		}
+
+		// Compile an array of style-parts.
+		$styled_parts = array();
+		foreach ( $metadata['style'] as $key => $style ) {
+			// Skip item if "parts" and "style" are not set, or empty.
+			if ( empty( $style['parts'] ) || empty( $style['handle'] ) ) {
+				continue;
+			}
+
+			// Add the stylesheet to the array to be used below.
+			$styled_parts[ $style['handle'] ] = $style['parts'];
+
+			// Convert $metadata['style'] to an array removing the "parts" and "handle" keys.
+			$metadata['style'][ $key ] = $style['handle'];
+		}
+
+		// Bail early if wp_should_load_separate_core_block_assets() is false.
+		if ( ! wp_should_load_separate_core_block_assets() ) {
+			return $metadata;
+		}
+
+		// Bail early if there are no styled parts.
+		if ( empty( $styled_parts ) ) {
+			return $metadata;
+		}
+
+		/**
+		 * Callback to add the style-parts to the block.
+		 *
+		 * @param  string $block_content Rendered block content.
+		 * @param  array  $block         Block object.
+		 * @return string                Filtered block content.
+		 */
+		$callback = static function( $block_content, $block ) use ( $metadata, $styled_parts ) {
+			// Check that we're on the right block.
+			if ( $block['blockName'] !== $metadata['name'] ) {
+				return $block_content;
+			}
+
+			// Use a static variable to avoid adding the same part more than once.
+			static $style_parts_added = array();
+			if ( ! isset( $style_parts_added[ $block['blockName'] ] ) ) {
+				$style_parts_added[ $block['blockName'] ] = array();
+			}
+
+			// Add inline styles for the class-names that exist in the content.
+			foreach ( $styled_parts as $handle => $styled_parts ) {
+
+				global $wp_styles;
+				// Remove the default style. We'll be adding style-parts depending on the block content.
+				$wp_styles->registered[ $handle ]->src = '';
+				// Get the block's folder path which will be later used to get the individual files.
+				// Use the folder-path of the style.css file if available, otherwise fallback to the block.json parent folder.
+				$block_path = dirname( $metadata['file'] );
+				if ( ! empty( $wp_styles->registered[ $handle ]->extra['path'] ) ) {
+					$block_path = dirname( $wp_styles->registered[ $handle ]->extra['path'] );
+				}
+
+				// Unset the default style's path to prevent inlining the whole file.
+				unset( $wp_styles->registered[ $handle ]->extra['path'] );
+
+				// Add the style-parts to the block.
+				foreach ( $styled_parts as $part ) {
+
+					// Make sure this part has not already been added.
+					if ( in_array( $part, $style_parts_added[ $block['blockName'] ], true ) ) {
+						continue;
+					}
+
+					// Skip item if the block does not contain the defined string.
+					if ( false === strpos( $block_content, $part ) ) {
+						continue;
+					}
+
+					$file = $block_path . "/styles/{$part}.css";
+					if ( is_rtl() && file_exists( $block_path . "/styles/{$part}-rtl.css" ) ) {
+						$file = $block_path . "/styles/{$part}-rtl.css";
+					}
+					wp_add_inline_style( $handle, file_get_contents( $file ) );
+
+					// Add the part to the array of added parts.
+					$style_parts_added[ $block['blockName'] ][] = $part;
+				}
+			}
+			return $block_content;
+		};
+		add_filter( 'render_block', $callback, 10, 2 );
+
+		return $metadata;
+	}
+}
+// Add the filter. Using a priority of 1 ensures that this filter runs before others,
+// so the "style" metadata can be properly formatted for subsequent filters.
+add_filter( 'block_type_metadata', 'wp_maybe_inline_block_style_parts', 1, 2 );
diff --git a/packages/block-library/src/paragraph/block.json b/packages/block-library/src/paragraph/block.json
index 2323beff7ae595..58898f65905a51 100644
--- a/packages/block-library/src/paragraph/block.json
+++ b/packages/block-library/src/paragraph/block.json
@@ -55,5 +55,18 @@
 		"__unstablePasteTextInline": true
 	},
 	"editorStyle": "wp-block-paragraph-editor",
-	"style": "wp-block-paragraph"
+	"style": [
+		{
+			"handle": "wp-block-paragraph",
+			"parts": [
+				"has-background",
+				"has-drop-cap",
+				"has-text-color",
+				"is-large-text",
+				"is-larger-text",
+				"is-regular-text",
+				"is-small-text"
+			]
+		}
+	]
 }
diff --git a/packages/block-library/src/paragraph/style.scss b/packages/block-library/src/paragraph/style.scss
index 810787c64692ac..13bef62289b023 100644
--- a/packages/block-library/src/paragraph/style.scss
+++ b/packages/block-library/src/paragraph/style.scss
@@ -1,46 +1,7 @@
-.is-small-text {
-	font-size: 0.875em;
-}
-
-.is-regular-text {
-	font-size: 1em;
-}
-
-.is-large-text {
-	font-size: 2.25em;
-}
-
-.is-larger-text {
-	font-size: 3em;
-}
-
-// Don't show the drop cap when editing the paragraph's content. It causes a
-// number of bugs in combination with `contenteditable` fields. The caret
-// cannot be set around it, caret position calculation fails in Chrome, and
-// typing at the end of the paragraph doesn't work.
-.has-drop-cap:not(:focus)::first-letter {
-	float: left;
-	font-size: 8.4em;
-	line-height: 0.68;
-	font-weight: 100;
-	margin: 0.05em 0.1em 0 0;
-	text-transform: uppercase;
-	font-style: normal;
-}
-
-// Prevent the dropcap from breaking out of the box when a background is applied.
-p.has-drop-cap.has-background {
-	overflow: hidden;
-}
-
-p.has-background {
-	padding: $block-bg-padding--v $block-bg-padding--h;
-}
-
-// Use :where to contain the specificity of this rule
-// so it's easily overrideable by any theme that targets
-// links using the a element.
-// For example, this is what global styles does.
-:where(p.has-text-color:not(.has-link-color)) a {
-	color: inherit;
-}
+@import "./styles/is-small-text.scss";
+@import "./styles/is-regular-text.scss";
+@import "./styles/is-large-text.scss";
+@import "./styles/is-larger-text.scss";
+@import "./styles/has-drop-cap.scss";
+@import "./styles/has-background.scss";
+@import "./styles/has-text-color.scss";
diff --git a/packages/block-library/src/paragraph/styles/has-background.scss b/packages/block-library/src/paragraph/styles/has-background.scss
new file mode 100644
index 00000000000000..2e50144a1019e5
--- /dev/null
+++ b/packages/block-library/src/paragraph/styles/has-background.scss
@@ -0,0 +1,3 @@
+p.has-background {
+	padding: $block-bg-padding--v $block-bg-padding--h;
+}
diff --git a/packages/block-library/src/paragraph/styles/has-drop-cap.scss b/packages/block-library/src/paragraph/styles/has-drop-cap.scss
new file mode 100644
index 00000000000000..e1722b95096204
--- /dev/null
+++ b/packages/block-library/src/paragraph/styles/has-drop-cap.scss
@@ -0,0 +1,18 @@
+// Don't show the drop cap when editing the paragraph's content. It causes a
+// number of bugs in combination with `contenteditable` fields. The caret
+// cannot be set around it, caret position calculation fails in Chrome, and
+// typing at the end of the paragraph doesn't work.
+.has-drop-cap:not(:focus)::first-letter {
+	float: left;
+	font-size: 8.4em;
+	line-height: 0.68;
+	font-weight: 100;
+	margin: 0.05em 0.1em 0 0;
+	text-transform: uppercase;
+	font-style: normal;
+}
+
+// Prevent the dropcap from breaking out of the box when a background is applied.
+p.has-drop-cap.has-background {
+	overflow: hidden;
+}
diff --git a/packages/block-library/src/paragraph/styles/has-text-color.scss b/packages/block-library/src/paragraph/styles/has-text-color.scss
new file mode 100644
index 00000000000000..a1ffc5ac260df4
--- /dev/null
+++ b/packages/block-library/src/paragraph/styles/has-text-color.scss
@@ -0,0 +1,7 @@
+// Use :where to contain the specificity of this rule
+// so it's easily overrideable by any theme that targets
+// links using the a element.
+// For example, this is what global styles does.
+:where(p.has-text-color:not(.has-link-color)) a {
+	color: inherit;
+}
diff --git a/packages/block-library/src/paragraph/styles/is-large-text.scss b/packages/block-library/src/paragraph/styles/is-large-text.scss
new file mode 100644
index 00000000000000..d23945669e5c2a
--- /dev/null
+++ b/packages/block-library/src/paragraph/styles/is-large-text.scss
@@ -0,0 +1,3 @@
+.is-large-text {
+	font-size: 2.25em;
+}
diff --git a/packages/block-library/src/paragraph/styles/is-larger-text.scss b/packages/block-library/src/paragraph/styles/is-larger-text.scss
new file mode 100644
index 00000000000000..a3ba88911f1799
--- /dev/null
+++ b/packages/block-library/src/paragraph/styles/is-larger-text.scss
@@ -0,0 +1,3 @@
+.is-larger-text {
+	font-size: 3em;
+}
diff --git a/packages/block-library/src/paragraph/styles/is-regular-text.scss b/packages/block-library/src/paragraph/styles/is-regular-text.scss
new file mode 100644
index 00000000000000..24c1014a0496f2
--- /dev/null
+++ b/packages/block-library/src/paragraph/styles/is-regular-text.scss
@@ -0,0 +1,3 @@
+.is-regular-text {
+	font-size: 1em;
+}
diff --git a/packages/block-library/src/paragraph/styles/is-small-text.scss b/packages/block-library/src/paragraph/styles/is-small-text.scss
new file mode 100644
index 00000000000000..78b494d6ca7b54
--- /dev/null
+++ b/packages/block-library/src/paragraph/styles/is-small-text.scss
@@ -0,0 +1,3 @@
+.is-small-text {
+	font-size: 0.875em;
+}
diff --git a/schemas/json/block.json b/schemas/json/block.json
index 17e9ec519acf64..8c6205c2bbd1a8 100644
--- a/schemas/json/block.json
+++ b/schemas/json/block.json
@@ -473,7 +473,28 @@
 				{
 					"type": "array",
 					"items": {
-						"type": "string"
+						"oneOf": [
+							{
+								"type": "string"
+							},
+							{
+								"type": "object",
+								"properties": {
+									"handle": {
+										"description": "The stylesheet handle.",
+										"type": "string"
+									},
+									"parts": {
+										"description": "An array of class names that have individual stylesheets. If defined, overrides the 'handle' property on the frontend, loading styles only when the class is present.",
+										"type": "array",
+										"items": {
+											"type": "string"
+										}
+									}
+								},
+								"required": [ "handle", "parts" ]
+							}
+						]
 					}
 				}
 			]
diff --git a/tools/webpack/blocks.js b/tools/webpack/blocks.js
index c9a5af0b631ce1..c1d023321e8b8e 100644
--- a/tools/webpack/blocks.js
+++ b/tools/webpack/blocks.js
@@ -99,6 +99,15 @@ module.exports = {
 					},
 					transform: stylesTransform,
 				} ) ),
+				{
+					from: `./packages/block-library/build-style/*/styles/*.css`,
+					to( { absoluteFilename } ) {
+						const parts = absoluteFilename.split( sep );
+						const dirname = parts[ parts.length - 3 ];
+						return `build/block-library/blocks/${ dirname }/styles/[name].css`;
+					},
+					transform: stylesTransform,
+				},
 				Object.entries( {
 					'./packages/block-library/src/':
 						'build/block-library/blocks/',