diff --git a/frappe/printing/doctype/print_format/print_format.py b/frappe/printing/doctype/print_format/print_format.py
index 867e36997d..f19c0af9bf 100644
--- a/frappe/printing/doctype/print_format/print_format.py
+++ b/frappe/printing/doctype/print_format/print_format.py
@@ -11,6 +11,14 @@ from frappe.utils.weasyprint import get_html, download_pdf
 from frappe.model.document import Document
 
 class PrintFormat(Document):
+	def onload(self):
+		templates = frappe.db.get_all(
+			"Print Format Field Template",
+			fields=["template", "field", "name"],
+			filters={"document_type": self.doc_type},
+		)
+		self.set_onload("print_templates", templates)
+
 	def get_html(self, docname, letterhead=None):
 		return get_html(self.doc_type, docname, self.name, letterhead)
 
diff --git a/frappe/printing/doctype/print_format_field_template/__init__.py b/frappe/printing/doctype/print_format_field_template/__init__.py
new file mode 100644
index 0000000000..e69de29bb2
diff --git a/frappe/printing/doctype/print_format_field_template/print_format_field_template.js b/frappe/printing/doctype/print_format_field_template/print_format_field_template.js
new file mode 100644
index 0000000000..7fbb0d7359
--- /dev/null
+++ b/frappe/printing/doctype/print_format_field_template/print_format_field_template.js
@@ -0,0 +1,8 @@
+// Copyright (c) 2021, Frappe Technologies and contributors
+// For license information, please see license.txt
+
+frappe.ui.form.on('Print Format Field Template', {
+	// refresh: function(frm) {
+
+	// }
+});
diff --git a/frappe/printing/doctype/print_format_field_template/print_format_field_template.json b/frappe/printing/doctype/print_format_field_template/print_format_field_template.json
new file mode 100644
index 0000000000..3b79aae7e8
--- /dev/null
+++ b/frappe/printing/doctype/print_format_field_template/print_format_field_template.json
@@ -0,0 +1,101 @@
+{
+ "actions": [],
+ "allow_rename": 1,
+ "autoname": "Prompt",
+ "creation": "2021-10-05 14:23:56.508499",
+ "doctype": "DocType",
+ "editable_grid": 1,
+ "engine": "InnoDB",
+ "field_order": [
+  "document_type",
+  "field",
+  "template_file",
+  "column_break_3",
+  "module",
+  "standard",
+  "section_break_5",
+  "template"
+ ],
+ "fields": [
+  {
+   "depends_on": "eval:!doc.multiple",
+   "fieldname": "document_type",
+   "fieldtype": "Link",
+   "in_list_view": 1,
+   "in_standard_filter": 1,
+   "label": "Document Type",
+   "mandatory_depends_on": "eval:!doc.multiple",
+   "options": "DocType",
+   "reqd": 1
+  },
+  {
+   "fieldname": "field",
+   "fieldtype": "Data",
+   "in_list_view": 1,
+   "label": "Default Template For Field"
+  },
+  {
+   "depends_on": "eval:!doc.standard",
+   "fieldname": "template",
+   "fieldtype": "Code",
+   "label": "Template",
+   "mandatory_depends_on": "eval:!doc.standard",
+   "options": "HTML"
+  },
+  {
+   "fieldname": "column_break_3",
+   "fieldtype": "Column Break"
+  },
+  {
+   "fieldname": "section_break_5",
+   "fieldtype": "Section Break",
+   "hide_border": 1
+  },
+  {
+   "depends_on": "standard",
+   "fieldname": "module",
+   "fieldtype": "Link",
+   "label": "Module",
+   "options": "Module Def"
+  },
+  {
+   "default": "0",
+   "fieldname": "standard",
+   "fieldtype": "Check",
+   "in_list_view": 1,
+   "label": "Standard"
+  },
+  {
+   "depends_on": "eval:doc.standard",
+   "fieldname": "template_file",
+   "fieldtype": "Data",
+   "label": "Template File",
+   "mandatory_depends_on": "eval:doc.standard"
+  }
+ ],
+ "index_web_pages_for_search": 1,
+ "links": [],
+ "modified": "2021-10-19 17:47:59.577949",
+ "modified_by": "Administrator",
+ "module": "Printing",
+ "name": "Print Format Field Template",
+ "naming_rule": "Set by user",
+ "owner": "Administrator",
+ "permissions": [
+  {
+   "create": 1,
+   "delete": 1,
+   "email": 1,
+   "export": 1,
+   "print": 1,
+   "read": 1,
+   "report": 1,
+   "role": "System Manager",
+   "share": 1,
+   "write": 1
+  }
+ ],
+ "sort_field": "modified",
+ "sort_order": "DESC",
+ "track_changes": 1
+}
\ No newline at end of file
diff --git a/frappe/printing/doctype/print_format_field_template/print_format_field_template.py b/frappe/printing/doctype/print_format_field_template/print_format_field_template.py
new file mode 100644
index 0000000000..b66afdb6b1
--- /dev/null
+++ b/frappe/printing/doctype/print_format_field_template/print_format_field_template.py
@@ -0,0 +1,43 @@
+# Copyright (c) 2021, Frappe Technologies and contributors
+# For license information, please see license.txt
+
+import frappe
+from frappe.model.document import Document
+from frappe import _
+
+
+class PrintFormatFieldTemplate(Document):
+	def validate(self):
+		if self.standard and not (frappe.conf.developer_mode or frappe.flags.in_patch):
+			frappe.throw(_("Enable developer mode to create a standard Print Template"))
+
+	def before_insert(self):
+		self.validate_duplicate()
+
+	def on_update(self):
+		self.validate_duplicate()
+		self.export_doc()
+
+	def validate_duplicate(self):
+		if not self.standard:
+			return
+		if not self.field:
+			return
+
+		filters = {"document_type": self.document_type, "field": self.field}
+		if not self.is_new():
+			filters.update({"name": ("!=", self.name)})
+		result = frappe.db.get_all("Print Format Field Template", filters=filters, limit=1)
+		if result:
+			frappe.throw(
+				_("A template already exists for field {0} of {1}").format(
+					frappe.bold(self.field), frappe.bold(self.document_type)
+				),
+				frappe.DuplicateEntryError,
+				title=_("Duplicate Entry"),
+			)
+
+	def export_doc(self):
+		from frappe.modules.utils import export_module_json
+
+		export_module_json(self, self.standard, self.module)
diff --git a/frappe/printing/doctype/print_format_field_template/test_print_format_field_template.py b/frappe/printing/doctype/print_format_field_template/test_print_format_field_template.py
new file mode 100644
index 0000000000..f0b1329763
--- /dev/null
+++ b/frappe/printing/doctype/print_format_field_template/test_print_format_field_template.py
@@ -0,0 +1,8 @@
+# Copyright (c) 2021, Frappe Technologies and Contributors
+# See license.txt
+
+# import frappe
+import unittest
+
+class TestPrintFormatFieldTemplate(unittest.TestCase):
+	pass
diff --git a/frappe/public/js/print_format_builder/Field.vue b/frappe/public/js/print_format_builder/Field.vue
index af1e574593..2884ea48c5 100644
--- a/frappe/public/js/print_format_builder/Field.vue
+++ b/frappe/public/js/print_format_builder/Field.vue
@@ -7,6 +7,12 @@
 					v-if="df.fieldtype == 'HTML' && df.html"
 					v-html="df.html"
 				></div>
+				<div
+					class="custom-html"
+					v-if="df.fieldtype == 'Field Template'"
+				>
+					{{ df.label }}
+				</div>
 				<input
 					v-else-if="editing && df.fieldtype != 'HTML'"
 					ref="label-input"
diff --git a/frappe/public/js/print_format_builder/PrintFormatControls.vue b/frappe/public/js/print_format_builder/PrintFormatControls.vue
index d48d7d310e..a4f514eba5 100644
--- a/frappe/public/js/print_format_builder/PrintFormatControls.vue
+++ b/frappe/public/js/print_format_builder/PrintFormatControls.vue
@@ -132,7 +132,8 @@ export default {
 				"fieldtype",
 				"options",
 				"table_columns",
-				"html"
+				"html",
+				"field_template"
 			]);
 			if (cloned.custom) {
 				// generate unique fieldnames for custom blocks
@@ -196,8 +197,35 @@ export default {
 					fieldname: "name",
 					fieldtype: "Data"
 				},
+				...this.print_templates,
 				...fields
 			];
+		},
+		print_templates() {
+			let templates = this.print_format.__onload.print_templates || {};
+			let out = [];
+			for (let template of templates) {
+				let df;
+				if (template.field) {
+					df = frappe.meta.get_docfield(
+						this.meta.name,
+						template.field
+					);
+				} else {
+					df = {
+						label: template.name,
+						fieldname: frappe.scrub(template.name)
+					};
+				}
+				out.push({
+					label: `${__(df.label)} (${__("Field Template")})`,
+					fieldname: df.fieldname + "_template",
+					fieldtype: "Field Template",
+					field_template: template.name
+				});
+			}
+			return out;
+		},
 		page_number_positions() {
 			return [
 				{ label: __("Hide"), value: "Hide" },
diff --git a/frappe/public/js/print_format_builder/store.js b/frappe/public/js/print_format_builder/store.js
index 57c48632c8..830c50e283 100644
--- a/frappe/public/js/print_format_builder/store.js
+++ b/frappe/public/js/print_format_builder/store.js
@@ -88,7 +88,8 @@ export function getStore(print_format_name) {
 													"fieldname",
 													"fieldtype",
 													"options",
-													"width"
+													"width",
+													"field_template",
 												]);
 											}
 										);
@@ -99,7 +100,8 @@ export function getStore(print_format_name) {
 										"fieldtype",
 										"options",
 										"table_columns",
-										"html"
+										"html",
+										"field_template",
 									]);
 								});
 							return column;
diff --git a/frappe/public/js/print_format_builder/utils.js b/frappe/public/js/print_format_builder/utils.js
index 6c52b2e4a4..2112cd798d 100644
--- a/frappe/public/js/print_format_builder/utils.js
+++ b/frappe/public/js/print_format_builder/utils.js
@@ -63,6 +63,17 @@ export function create_default_layout(meta) {
 					options: df.options
 				};
 
+				let field_template = get_field_template(
+					print_format,
+					df.fieldname
+				);
+				if (field_template) {
+					field.label = `${__(df.label)} (${__("Field Template")})`;
+					field.fieldtype = "Field Template";
+					field.field_template = field_template.name;
+					field.fieldname = df.fieldname = "_template";
+				}
+
 				if (df.fieldtype === "Table") {
 					field.table_columns = get_table_columns(df);
 				}
@@ -109,6 +120,15 @@ export function get_table_columns(df) {
 	return table_columns;
 }
 
+function get_field_template(print_format, fieldname) {
+	let templates = print_format.__onload.print_templates || {};
+	for (let template of templates) {
+		if (template.field === fieldname) {
+			return template;
+		}
+	}
+	return null;
+}
 export function pluck(object, keys) {
 	let out = {};
 	for (let key of keys) {
diff --git a/frappe/templates/print_format/macros/FieldTemplate.html b/frappe/templates/print_format/macros/FieldTemplate.html
new file mode 100644
index 0000000000..9ea7fabb22
--- /dev/null
+++ b/frappe/templates/print_format/macros/FieldTemplate.html
@@ -0,0 +1,4 @@
+<div class="field-template" {{ field_attributes(df) }}>
+	{% set template = frappe.db.get_value('Print Format Field Template', df.field_template, ['template', 'template_file', 'standard'], as_dict=1) %}
+	{{ frappe.render_template(template.template_file if template.standard else template.template, {'doc': doc}) }}
+</div>
diff --git a/frappe/utils/weasyprint.py b/frappe/utils/weasyprint.py
index b213081d78..89b45c629b 100644
--- a/frappe/utils/weasyprint.py
+++ b/frappe/utils/weasyprint.py
@@ -198,12 +198,17 @@ class PrintFormatGenerator:
 		return layout
 
 	def set_field_renderers(self, layout):
-		renderers = {"HTML Editor": "HTML", "Markdown Editor": "Markdown"}
+		renderers = {
+			"HTML Editor": "HTML",
+			"Markdown Editor": "Markdown",
+			"Field Template": "FieldTemplate",
+		}
 		for section in layout["sections"]:
 			for column in section["columns"]:
 				for df in column["fields"]:
 					fieldtype = df["fieldtype"]
 					df["renderer"] = renderers.get(fieldtype) or fieldtype
+					df["section"] = section
 		return layout
 
 	def process_margin_texts(self, layout):