Physically punishing children is not effective in improving their behaviour and instead increases behavioural difficulties, researchers suggest.
The review led by University College London and an international team of experts analysed 20 years of research on the topic, looking at 69 studies worldwide.
It suggests that across the world two-thirds (63%) of children between the ages of two and four, approximately 250 million children, are regularly subjected to physical punishment by their caregivers.
Researchers say so far 62 sovereign countries have banned the practice and experts are calling for England, Northern Ireland and all countries to end the physical punishment of children in all settings including the home.
Lead author Dr Anja Heilmann, of the UCL Department of Epidemiology and Public Health, said: "Physical punishment is ineffective and harmful, and has no benefits for children and their families. This could not be clearer from the evidence we present.
"We see a definitive link between physical punishment and behavioural problems such as aggression and antisocial behaviour.
"Physical punishment consistently predicts increases in these types of behavioural difficulties.
"Even more worrying are findings that children who are the recipients of physical punishment are at increased risk of being subjected to more severe levels of violence."
Senior author Elizabeth Gershoff, Amy Johnson McLaughlin Centennial Professor in Human Development and Family Sciences at the University of Texas at Austin, added: "Parents use physical punishment with their children because they think doing so will lead to better behaviour.
"But our research found clear and compelling evidence that physical punishment does not improve children's behaviour and instead makes it worse."
The findings suggest the link between physical punishment and increased behaviour problems is causal.
No study found physical punishment reduced problem behaviour or promoted positive outcomes.
When looking at data over time, no improvements were found in children's attention, cognitive abilities, relationships with others, reactivity to stress, prosocial behaviour or social competence among children who were physically punished.
The study, published in The Lancet, found the detrimental outcomes associated with physical punishment occurred irrespective of the child's sex, ethnicity, or the overall parenting styles of the caregivers.
Former senator Jillian van Turnhout, who was also a co-author of the paper, added: "As a former parliamentarian who championed the change in the law in Ireland and directly supported the legislative change in Scotland and Wales, I know the importance of ensuring an evidence base for policy and legislation.
"This review has documented compelling evidence that hitting children doesn't work, and in many cases, it is harmful.
"A home should be a safe place for children, yet in many countries, the law can make it one of the most unsafe places for them.
"Countries need to do all they can to ensure that all children have equal protection from all forms of harm, including physical punishment."
Dr Heilmann concluded: "This is a public health issue. But physical punishment is not only harmful - it also violates children's human rights.
"The United Nations Convention on the Rights of the Child (UNCRC) is clear that children should have the same level of protection from all forms of violence that adults have.
"Countries where physical punishment is still legal must act and honour their obligations under the UNCRC by prohibiting physical punishment in all settings.
"In the UK this means that England and Northern Ireland should follow the example of Scotland and Wales and give children equal protection in law."
The research was funded by the Eunice Kennedy Shriver National Institute of Child Health and Human Development and the UK Economic and Social Research Council.