The field of conjugated polymers has expanded in the last years considerably and impressive performance, both in field effect transistors and photovoltaic devices has been achieved. After the initial emphasis on improving the performance, more emphasis is recently given to fundamental studies on structure formation. Therefore, this review concentrates on systematic correlation studies of structure formation in solution, in bulk and thin films as well as in photovoltaic blends of donor‐type π‐conjugated polymers. The main focus is on the correlation of structure, morphology and molecular chain orientation as a function of macromolecular properties such as molecular weight, dispersity, non‐covalent intramolecular and intermolecular interactions, solvent interactions and innovative processing techniques. The tools applied for elucidating fundamental information of structure formation and orientation mainly consist of optical spectroscopy and scattering techniques (SAXS/WAXS/GIWAXS). Since the field of conjugated polymers is very vast in terms of chemical structural diversity, only selected examples of donor polymers are covered here and the emerging class of n‐type conjugated polymers are not included. The focus is not on the structural variation or their performance in solar cells or transistors in terms of record efficiencies, but on the systematic studies leading to a structure‐property correlation in donor polymers.