I love craft paper! You can use it for many projects and a roll will last for quite a long time!
A while ago I was looking for nice small bags for my home-made lip balms but I didn't want to spend a fortune by going to a craft shop (even if I would have loved to! ahahaah).
I love the fancy, tiny, colourful and perfectly sized bags you can find for example in Confetti stores (in UK) or Loisirs et creation (in France) but they are pretty expensive...
I remember I found a video (link to the video) on Youtube showing how to gift wrap very small items by only using wrapping paper, double sided adhesive tape and scissors.
I gave it a try myself with crafting paper and here you can see the result! Nice and simple, isn't it?