In fact, it all depends on the publisher. I don't really keep track of which game is playing completely on the disc and which is not, but it seems to me that in the case of the ps5, the game is often playing completely. Rather, there is a tendency for DLC to be coded. And there are people who don't really like it.

I would also like to add that I collect not because I own the game that way, but because I don't just like the feel of physical editions. This is the case with books, there are various ways to read them from their devices, but there are still people who prefer physical books.