20 Countries with the Largest Rural Population in the World

In This Article:

In this article, we will take a look at the 20 countries with the largest rural population in the world. If you want to skip our discussion on the rural economy trends, you can go directly to the 5 Countries with the Largest Rural Population in the World.

According to the UN, the world is becoming increasingly urbanized, with over half of the population now living in cities. This trend is expected to continue, with around 2.5 billion more people projected to be added to urban residents by 2050 due to rural-urban migration and overall population increase. Much of this growth will be concentrated in Asia and Africa, particularly in India, China, and Nigeria. Consequently, the world's rural population percentage will decline.

By definition, rural areas are vast open areas of land that have few homes and people. Rural areas are dominated by agriculture, with many residents working on farms or ranches. Small communities like hamlets, villages, and towns dot these regions. The majority of the world’s impoverished population resides in rural regions, with the majority sustaining themselves through farming. Improving agricultural productivity is important for tackling poverty. Furthermore, agricultural productivity growth is the key to driving changes in economic structure. You can check out the

20 Countries With the Highest Agricultural Population Density here.

Agricultural technology, such as drones, is increasingly being adopted in rural farming practices. It is expected that the agricultural drone market will expand at a compound annual growth rate (CAGR) of 20.1% on average from 2023 to 2032. The promotion of precision agriculture shall be a major driving force behind the growth in this market. However, government regulations can have a negative impact on the market for agricultural drones. Major companies that are currently operating in this market space include AeroVironment, Inc. (NASDAQ:AVAV), AGCO Corporation (NYSE:AGCO), and AgEagle Aerial Systems, Inc. (NYSE:UAVS). As these companies innovate and adapt to the evolving agricultural landscape, they play a significant role in shaping the future of rural economies worldwide.

AeroVironment, Inc. (NASDAQ:AVAV) is a major supplier of drones, especially for military and security. However, it is now moving into the agricultural market also with a solid product called Quantix. The company donated good quantities of its drones to the agricultural departments of 35 US universities. This move shows the company’s commitment to research and innovation, as well as its willingness to invest in the field of precision agriculture.