There is one method that you can use to achieve this with paragraph text within After Effects which would be to write or copy/paste the text into its own text layer as needed. Then you can use expression to control the text layer’s attributes such as size, position, animation, and text wrap.
Here is an example of how you can use an expression to control the text size:
- Select the text layer and ensure it is selected.
- Open the Animation Effects control panel by going to Window > Animation Effects.
- In the Effects controls, you will see an icon that resembles a box with arrows on either side of it. This is the Scale control.
- Click the pick whip tool (the squiggly line icon) and select “Slider Control 1” from the Effects Controls panel. This will link the scale property to the Slider control.
- Open the “Expression Controls” tab of the Animation Effects panel and add the expression: a = thisComp.layer(“Slider Control 1”).transform.scale; [a, a]
The experession will link the scale properly of the text layer to the slider control that you have created. Then you can adjust the slider value to control the text size.