Wrapped Text Effect
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Step 11.
Merge the text with the label layer and then rotate it by about -80 degrees. Create an oval, with the same dark grey and on a new layer. Nudge the slection to the right, with the arrow key, and then fill it with white.

Step 12.
Nudge the selection again and then delete the selected area (image 33). Use the erase tool to delete part of it, like in image 34.

Step 13.
Since we’ve duplicated the layer set for the other side, it will be symmetrical. To make the other side look different, you can swap around the order of the layers, like i’ve done in the example below. And that’s the end of this tutorial to create parcel wrapped text!
