Pressure drop and liquid saturation are two important design parameters in cocurrent gas‐liquid downflow through packed beds. A macroscopic model based on momentum balance is formulated for the condition of no radial pressure gradients. The model includes the effect of bubble formation on the pressure drop and holdup and is compared with the experimental data of the earlier investigators and of the present study. The model provides a functional form for correlating pressure drop and liquid saturation but some parameters have to be determined by fitting the experimental data. Copyright © 1983 American Institute of Chemical Engineers