The consignee will get to receive the parcel. If you wrap small packets and put it into one big packet. The big packet will have only one consignee. He/she shall receive that packet. After that, He/she should individually resend those small packets to final consignee address.
If the receiver of your individual present is different, You better send those individual parcel to desired consignee individually.
And if the consignee is only one, then you can wrap as you desire. Just Don't let the volume exceed the weight. Balance it. It will save you cost.
You can always consult with your local cargo/courier service. They will precisely guide you about the packaging, delivery time, costs and others.