If it is to happen, CDs and CD packaging would need a rebranding. Part of vinyl popularity is the large sleeve surface that provides a large canvas for a piece of art. Another part is that you get a physically large analogue object that, while previously would be cumbersome, has become interesting in a heavily digital age.
Afaict this has already happened. Vinyl is about the big art, CDs are all about the pack ins. You get small books, pictures, stickers all packed into a cardboard box the size of a novel. Not jewel cases.
At least for the K-pop artists my daughter listens to.