Paper, one of the oldest materials for storage and exchange of human’s information, has been reinvented as a building component of electronic and optoelectronic devices over the past decades with successful demonstration of paper-based or paper-using devices. These recent achievements can meet the demand for lightweight, cost-effective, and/or flexible electronic and optoelectronic devices with advanced functionality and reduced manufacturing costs. This article provides a review of electronic and optoelectronic devices relying on or making use of the unique properties achievable with paper-based materials. Basic scientific/technical principles, quantitative comparisons of material, electronic and/or optical properties, and benefits for each paper-based application are given. Application-specific research challenges, future design considerations, and development directions are also discussed.