From Longman Dictionary of Contemporary Englishparcel something ↔ up phrasal verb British English1 TIEto make something into a parcel by wrapping it up She parcelled up the photos.2 DIVIDEto divide something into small parts, especially so that it is easier to deal with University education is often parcelled up into specialist teaching units. → parcel→ See Verb table
Examples from the Corpus
parcel up• When a senior executive arrived at the studio a day or two later he found parcels piling up in the reception area.• The two human parcels screwed up on the floor could have fared a whole lot worse.• Love does not involve giving fancy parcels tied up with big red bows.From Longman Business Dictionaryparcel something → up phrasal verb [transitive] British EnglishTRANSPORT to make something into a parcel by wrapping it, usually to send it somewhere → parcel→ See Verb table 