Programmatically create Paragraph Types (bundles).

paragraphs.install

<?php 

/**
 * Implements hook_install().
 */
function MYMODULE_install() {
  // Create new Bundle.
  $bundle = new stdClass();
  $bundle->name = 'Test Bundle'; // user friendly label
  $bundle->bundle = 'paragraphy_test'; // machine name
  $bundle->locked = 0;
  $status = paragraphs_bundle_save($bundle);
}