Spanner in works time
I have doubled (or even tripled) my purchases of CDs since I packed my old Naim CD5i (my last stand-alone player) away in it's box and replaced it with a DAC about 4 years ago.
It's not a matter of quality (ALAC is just as good - as is FLAC of course - and 320K AAC was 'too close to call' even against the old CD5i), it's a matter of space, clutter, time, organisation, fun and cost. (Why have a CD5i - or any expensive player - when a decent DAC, at a fraction of the size and cost, can do the same job?)
I have no sentimental attachment to CD cases. (Some of the worst packaging ever conceived of.) I get all the same cover art-work, track listings etc. and I was never a fan of the tiny little notes that were barely legible anyway. (I still have them all - along with the stored cases and CDs - but am never going to open a box to read them.)
All that rubbish about the 'tactility / tangibility of the physical object in your hands' is for fetishists and nonsense about wanting to own something you can touch. Yeah, well, I can still go and touch the CDs that I own
if I really want a weird moment. ("Sorry dear, I'm just in the cupboard experiencing the tangibility and tactility of the physical format for 5 minutes. I'll be normal again soon.")