I saw this idea somewhere and thought it could be worth sharing.
Use wire to hold the rolls of wrapping paper on the ceiling of the closet, instead of taking up floor space. You just need to drill four holes on the top walls of our closet to hold the rolls against the ceiling. You can also use strong fishing wire and pins if you don’t want to drill on the walls or your closet is made out of wood.
Another trick to keep them tidy is to use old toilet paper rolls to keep them from unravelling. Just cut empty toilet rolls lengthwise up the middle and wrap them around the wrapping paper roll. You’ll instantly have a simple, low-cost clasp to keep the rolls from unravelling.