The world's population is projected to reach around 9.7 billion in 2050 and rise further to about 11 billion by the end of the century, according to a UN report released Monday.

"The world's population, estimated at 7.7 billion in 2019, continues to grow, albeit at a decreasing rate," the report stated.

The UN report is titled "Review and Appraisal of the Program of Action of the International Conference on Population and Development and its contribution to the follow-up and review of the 2030 Agenda for Sustainable Development."

The report was submitted by UN Secretary-General Antonio Guterres to the 52nd substantive session of the UN Commission on Population and Development, which was held on Monday.

"The continued increase in global population and an expected rise in prosperity will place additional pressure on natural resources and ecosystems," the report said.

The report also highlighted population trends in recent years, such as increased urbanization and longevity of people's lives.

This year marks the 25th anniversary of the International Conference on Population and Development – an initiative adopted by 179 countries in 1994 which recognized women's empowerment and gender equality as cornerstones of population development.