You can use WordArt with a Transform text effect to partially curve or bend text around a shape. If you want the text to circle the shape, you can also do this, but it’s a little bit more work. You can also insert WordArt multiple times to wrap text around shapes with straight edges.
If you want your text to completely circle your shape, under Follow Path pick Circle, and then click and drag any of the sizing handles until your WordArt is the shape you want.
If you want to wrap text around a shape that has straight edges, such as a rectangle, insert WordArt for each edge. In this example, WordArt is inserted four times, one for each side of the shape.
You can control the angle of your WordArt text in relation to your shape with precision by using the Rotate tool.