diff --git a/beetsplug/albumtypes.py b/beetsplug/albumtypes.py
new file mode 100644
index 000000000..a73d41b4e
--- /dev/null
+++ b/beetsplug/albumtypes.py
@@ -0,0 +1,68 @@
+# -*- coding: utf-8 -*-
+
+# This file is part of beets.
+# Copyright 2021, Edgars Supe.
+#
+# Permission is hereby granted, free of charge, to any person obtaining
+# a copy of this software and associated documentation files (the
+# "Software"), to deal in the Software without restriction, including
+# without limitation the rights to use, copy, modify, merge, publish,
+# distribute, sublicense, and/or sell copies of the Software, and to
+# permit persons to whom the Software is furnished to do so, subject to
+# the following conditions:
+#
+# The above copyright notice and this permission notice shall be
+# included in all copies or substantial portions of the Software.
+
+"""Adds an album template field for formatted album types."""
+
+from __future__ import division, absolute_import, print_function
+
+from beets.autotag.mb import VARIOUS_ARTISTS_ID
+from beets.library import Album
+from beets.plugins import BeetsPlugin
+
+
+class AlbumTypesPlugin(BeetsPlugin):
+    """Adds an album template field for formatted album types."""
+
+    def __init__(self):
+        """Init AlbumTypesPlugin."""
+        super(AlbumTypesPlugin, self).__init__()
+        self.album_template_fields['atypes'] = self._atypes
+        self.config.add({
+            'types': [
+                ('ep', 'EP'),
+                ('single', 'Single'),
+                ('soundtrack', 'OST'),
+                ('live', 'Live'),
+                ('compilation', 'Anthology'),
+                ('remix', 'Remix')
+            ],
+            'ignore_va': ['compilation'],
+            'bracket': '[]'
+        })
+
+    def _atypes(self, item: Album):
+        """Returns a formatted string based on album's types."""
+        types = self.config['types'].as_pairs()
+        ignore_va = self.config['ignore_va'].as_str_seq()
+        bracket = self.config['bracket'].as_str()
+
+        # Assign a left and right bracket or leave blank if argument is empty.
+        if len(bracket) == 2:
+            bracket_l = bracket[0]
+            bracket_r = bracket[1]
+        else:
+            bracket_l = u''
+            bracket_r = u''
+
+        res = ''
+        albumtypes = item.albumtypes.split('; ')
+        is_va = item.mb_albumartistid == VARIOUS_ARTISTS_ID
+        for type in types:
+            if type[0] in albumtypes and type[1]:
+                if not is_va or (type[0] not in ignore_va and is_va):
+                    res += f'{bracket_l}{type[1]}{bracket_r}'
+
+        return res
diff --git a/docs/changelog.rst b/docs/changelog.rst
index 85625011f..f32cae2b9 100644
--- a/docs/changelog.rst
+++ b/docs/changelog.rst
@@ -24,6 +24,9 @@ Major new features:
   ``albumtypes`` field. Thanks to :user:`edgars-supe`.
   :bug:`2200`
 
+* :doc:`/plugins/albumtypes`: An accompanying plugin for formatting
+  ``albumtypes``. Thanks to :user:`edgars-supe`.
+
 
 1.5.0 (August 19, 2021)
 -----------------------
diff --git a/docs/plugins/albumtypes.rst b/docs/plugins/albumtypes.rst
new file mode 100644
index 000000000..4a9f67c4a
--- /dev/null
+++ b/docs/plugins/albumtypes.rst
@@ -0,0 +1,57 @@
+AlbumTypes Plugin
+=================
+
+The ``albumtypes`` plugin adds the ability to format and output album types,
+such as "Album", "EP", "Single", etc. For the list of available album types,
+see the `MusicBrainz documentation`_.
+
+To use the ``albumtypes`` plugin, enable it in your configuration
+(see :ref:`using-plugins`). The plugin defines a new field ``$atypes``, which
+you can use in your path formats or elsewhere.
+
+.. _MusicBrainz documentation: https://musicbrainz.org/doc/Release_Group/Type
+
+Configuration
+-------------
+
+To configure the plugin, make a ``albumtypes:`` section in your configuration
+file. The available options are:
+
+- **types**: An ordered list of album type to format mappings. The order of the
+  mappings determines their order in the output. If a mapping is missing or
+  blank, it will not be in the output.
+- **ignore_va**: A list of types that should not be output for Various Artists
+  albums. Useful for not adding redundant information - various artist albums
+  are often compilations.
+- **bracket**: Defines the brackets to enclose each album type in the output.
+
+The default configuration looks like this::
+
+    albumtypes:
+        types:
+            - ep: 'EP'
+            - single: 'Single'
+            - soundtrack: 'OST'
+            - live: 'Live'
+            - compilation: 'Anthology'
+            - remix: 'Remix'
+        ignore_va: compilation
+        bracket: '[]'
+
+Examples
+--------
+With path formats configured like::
+
+    paths:
+        default: $albumartist/[$year]$atypes $album/...
+        albumtype:soundtrack Various Artists/$album [$year]$atypes)/...
+        comp: Various Artists/$album [$year]$atypes/...
+
+
+The default plugin configuration generates paths that look like this, for example::
+
+    Aphex Twin/[1993][EP][Remix] On Remixes
+    Pink Flow/[1995][Live] p·u·l·s·e
+    Various Artists/20th Century Lullabies [1999]
+    Various Artists/Ocean's Eleven [2001][OST]
+
diff --git a/docs/plugins/index.rst b/docs/plugins/index.rst
index f3d587038..9c628951a 100644
--- a/docs/plugins/index.rst
+++ b/docs/plugins/index.rst
@@ -61,6 +61,7 @@ following to your configuration::
 
    absubmit
    acousticbrainz
+   albumtypes
    aura
    badfiles
    bareasc
@@ -176,6 +177,7 @@ Metadata
 Path Formats
 ------------
 
+* :doc:`albumtypes`: Format album type in path formats.
 * :doc:`bucket`: Group your files into bucket directories that cover different
   field values ranges.
 * :doc:`inline`: Use Python snippets to customize path format strings.
diff --git a/test/test_albumtypes.py b/test/test_albumtypes.py
new file mode 100644
index 000000000..a9db12c30
--- /dev/null
+++ b/test/test_albumtypes.py
@@ -0,0 +1,113 @@
+# -*- coding: utf-8 -*-
+# This file is part of beets.
+# Copyright 2021, Edgars Supe.
+#
+# Permission is hereby granted, free of charge, to any person obtaining
+# a copy of this software and associated documentation files (the
+# "Software"), to deal in the Software without restriction, including
+# without limitation the rights to use, copy, modify, merge, publish,
+# distribute, sublicense, and/or sell copies of the Software, and to
+# permit persons to whom the Software is furnished to do so, subject to
+# the following conditions:
+#
+# The above copyright notice and this permission notice shall be
+# included in all copies or substantial portions of the Software.
+
+"""Tests for the 'albumtypes' plugin."""
+
+from __future__ import division, absolute_import, print_function
+
+import unittest
+
+from beets.autotag.mb import VARIOUS_ARTISTS_ID
+from beetsplug.albumtypes import AlbumTypesPlugin
+from test.helper import TestHelper
+
+
+class AlbumTypesPluginTest(unittest.TestCase, TestHelper):
+    """Tests for albumtypes plugin."""
+
+    def setUp(self):
+        """Set up tests."""
+        self.setup_beets()
+        self.load_plugins('albumtypes')
+
+    def tearDown(self):
+        """Tear down tests."""
+        self.unload_plugins()
+        self.teardown_beets()
+
+    def test_renames_types(self):
+        """Tests if the plugin correctly renames the specified types."""
+        self._set_config(
+            types=[('ep', 'EP'), ('remix', 'Remix')],
+            ignore_va=[],
+            bracket='()'
+        )
+        album = self._create_album(album_types=['ep', 'remix'])
+        subject = AlbumTypesPlugin()
+        result = subject._atypes(album)
+        self.assertEqual('(EP)(Remix)', result)
+        return
+
+    def test_returns_only_specified_types(self):
+        """Tests if the plugin returns only non-blank types given in config."""
+        self._set_config(
+            types=[('ep', 'EP'), ('soundtrack', '')],
+            ignore_va=[],
+            bracket='()'
+        )
+        album = self._create_album(album_types=['ep', 'remix', 'soundtrack'])
+        subject = AlbumTypesPlugin()
+        result = subject._atypes(album)
+        self.assertEqual('(EP)', result)
+
+    def test_respects_type_order(self):
+        """Tests if the types are returned in the same order as config."""
+        self._set_config(
+            types=[('remix', 'Remix'), ('ep', 'EP')],
+            ignore_va=[],
+            bracket='()'
+        )
+        album = self._create_album(album_types=['ep', 'remix'])
+        subject = AlbumTypesPlugin()
+        result = subject._atypes(album)
+        self.assertEqual('(Remix)(EP)', result)
+        return
+
+    def test_ignores_va(self):
+        """Tests if the specified type is ignored for VA albums."""
+        self._set_config(
+            types=[('ep', 'EP'), ('soundtrack', 'OST')],
+            ignore_va=['ep'],
+            bracket='()'
+        )
+        album = self._create_album(
+            album_types=['ep', 'soundtrack'],
+            artist_id=VARIOUS_ARTISTS_ID
+        )
+        subject = AlbumTypesPlugin()
+        result = subject._atypes(album)
+        self.assertEqual('(OST)', result)
+
+    def test_respects_defaults(self):
+        """Tests if the plugin uses the default values if config not given."""
+        album = self._create_album(
+            album_types=['ep', 'single', 'soundtrack', 'live', 'compilation',
+                         'remix'],
+            artist_id=VARIOUS_ARTISTS_ID
+        )
+        subject = AlbumTypesPlugin()
+        result = subject._atypes(album)
+        self.assertEqual('[EP][Single][OST][Live][Remix]', result)
+
+    def _set_config(self, types: [(str, str)], ignore_va: [str], bracket: str):
+        self.config['albumtypes']['types'] = types
+        self.config['albumtypes']['ignore_va'] = ignore_va
+        self.config['albumtypes']['bracket'] = bracket
+
+    def _create_album(self, album_types: [str], artist_id: str = 0):
+        return self.add_album(
+            albumtypes='; '.join(album_types),
+            mb_albumartistid=artist_id
+        )