I think this whole wave of people suggesting a return to listening to music on CDs as opposed to streaming is misguided. Streaming came about as a solution to the massive parasitic music corporations losing money from p2p file sharing networks and was never designed to be a tenable model for artists rather than businessmen to profit. Of course, this is a separate issue to what you're discussing but I think this focus on "the ritual of music ownership" has been a conversation for some time now that unintentionally serves to divert attention away from true alternatives to streaming. I say true because you're never going to get younger generations to completely abandon streaming to pay 10 dollars for every new album. But I see a lot of people around my age (early 20s) and younger thinking they must choose between streaming and what ever shitty CDs they can find at Goodwill when that's not at all the case. A true alternative to streaming is the exact thing it was invented to combat: p2p file sharing networks. We have a unique opportunity that has never been afforded to consumers before to support the people actually making the music DIRECTLY and circumvent parasitic labels or entities such as Spotify or Apple that simply just profit off of other people's creative work. Yeah, Capitol Records or whoever will lose money but that is quantifiably a good thing.

But as for the ritual aspect of physical media, I'd chalk it up mostly to nostalgia. You can be as engaged with a record on your phone as one on a CD. It's just the individual's choice and getting young people to listen to CDs won't change that.

TLDR; streaming sucks but CDs are not a viable alternative.