Background: Acute pancreatitis (AP) is an inflammatory disease. The effective components of Chaihu Shugan Powder (CSP), paeoniflorin, hesperidin, and glycyrrhizic acid, have been reported to alleviate the damage caused by AP, but the effect of CSP on AP is still unclear. This study explores the fundamental mechanism here. Methods: The AP models were constructed by applying cerulein in AR42J cells and rats. PGC-1α transfection effectiveness was verified using qPCR and western blot. Through gain- and loss-of-function tests, the cell viability, inflammatory factors, lipid ROS, MDA, GSH, Fe2+, and iron levels were analyzed. Ferroptosis protein markers and PGC-1α/Nrf2/HO-1 pathway-associated markers were examined using western blot. The pathomorphological alterations were quantified using the histopathologic test. Results: CSP partially reversed cerulein-induced cell damage, as reflected by increased cell viability, the level of GSH, and ferroptosis protein markers but decreased the contents of TNF-α, IL-6, IL-β, lipid ROS, MDA, Fe2+, and iron. The further data indicated that CSP activated the PGC-1α/Nrf2/HO-1 pathway, which in turn reduced ferroptosis in cerulein-exposed AR42J cells. Importantly, PGC-1α silencing partially neutralized the cerulein-induced CSP activation on PGC-1α/Nrf2/HO-1 signaling in AR42J cells. In AP rats, CSP alleviated AP-related pathomorphological changes and ferroptosis in rats by activating PGC-1α/Nrf2/HO-1 pathway. Conclusions: Altogether, the mechanism by which CSP alleviates AP injury in rats may be correlated with the activation of PGC-1α/Nrf2/HO-1 pathway.