Organize playlists in folders in iTunes on PC
To help you organize your songs, videos, and other items, you can create folders, then add playlists and other folders to them. (You can’t add individual songs or videos directly to a folder.)
In the iTunes app on your PC, choose File > New > Playlist Folder.
Type a name for the folder and press Enter.
To rename a folder, double-click it and type the new name.
To add items to the folder, drag playlists or other folders into the folder.
To move a folder out of another folder, drag it toward the left edge of the iTunes window.