Cancer deaths, meanwhile, will likely rise from 8.2 million to 13 million per year as the world's population grows and ages and more people adopt risky lifestyle habits, said the report compiled by the International Agency for Research on Cancer (IARC).
It took aim at Big Tobacco, saying its sales drive was "inextricably linked" to a likely surge in lung cancer.
Released on the eve of World Cancer Day, the report was compiled by more than 250 scientists from over 40 countries. It is the first such overview in six years.
World Health Organisation (WHO) Director General Margaret Chan, whose agency oversees the IARC, said the overall impact from cancer would "unquestionably" hit developing countriesthe hardest.
These nations are already grappling with poverty-associated cancers caused by infection or disease, she said.
Added to that will be cancers blamed on more affluent lifestyles- high tobacco and alcohol use, eating processed foods and not exercising enough.
IARC director Christopher Wild said the focus should be on prevention.
"The particularly heavy burden projected to fall on low- and middle-income countries makes it implausible to treat our way out of cancer, even the highest-income countries will struggle to cope with the spiralling costs of treatment and care," he said.
Cancer overtook heart disease as the number one cause ofdeath in the world in 2011.
New cases will likely rise to 19.3 million in 2025, with 11.4 million deaths, said Wild. By 2035, new cases would number about 24 million per year.
The report found a slight gender bias: 53 per cent of cancer cases and 57 per cent of deaths were among men.
In men, cancer most often attacked the lungs (16.7 per cent) followed by the prostate (15 per cent), colorectum (10 per cent), stomach (8.5 per cent), and liver (7.5 per cent).
For women, cancer was most common in the breast (25.2 per cent), colorectum (9.2 per cent), lung (8.7 per cent), cervix (7.9 per cent) and stomach (4.8 per cent).
There were also regional imbalances: more than 60 per cent of the world's cancer cases and 70 per cent of deaths occurred in Africa, Asia and Central and South America, said the World Cancer Report.