Are physical game discs becoming obsolete?

With more players downloading games digitally, buying physical discs seems less necessary than it used to be. Digital libraries are convenient, updates are easier to access, and there's no need to visit a store. However, many gamers still enjoy owning a physical copy, collecting game editions, or lending discs to friends.

Do you think physical game discs will eventually disappear completely, or will there always be gamers who prefer owning a physical copy over digital downloads?