How to display another template in twig as a variable of the main template - layouting?

Question

PHP

$page = 'dynamic_page_name';
$data = [
  'content' => $twig->render(sprintf('layouts/%s.twig', $page), $data),
];
$twig->display('wrappers/html.twig', $data);

Outputs
<div>Hello, World!</div>
instead
Hello, World!
As a result, outputs html as text, escaping all tags (tags are obtained as text, not layout, displayed on the screen), `raw` does not help, or I put it somewhere in the wrong place.