diff --git a/go.mod b/go.mod
index c58862a..f94f651 100644
--- a/go.mod
+++ b/go.mod
@@ -9,7 +9,7 @@ require (
 	github.com/google/go-containerregistry v0.15.2
 	github.com/google/go-containerregistry/pkg/authn/k8schain v0.0.0-20230517160804-b7ad3f13a62c
 	github.com/vmware-labs/reconciler-runtime v0.12.0
-	github.com/vmware-tanzu/carvel-imgpkg v0.37.0
+	github.com/vmware-tanzu/carvel-imgpkg v0.37.1
 	go.uber.org/zap v1.24.0
 	k8s.io/api v0.27.2
 	k8s.io/apimachinery v0.27.2
diff --git a/go.sum b/go.sum
index 8aa5363..05c1332 100644
--- a/go.sum
+++ b/go.sum
@@ -303,8 +303,8 @@ github.com/vito/go-interact v1.0.1 h1:O8xi8c93bRUv2Tb/v6HdiuGc+WnWt+AQzF74MOOdlB
 github.com/vito/go-interact v1.0.1/go.mod h1:HrdHSJXD2yn1MhlTwSIMeFgQ5WftiIorszVGd3S/DAA=
 github.com/vmware-labs/reconciler-runtime v0.12.0 h1:MTgJWMQ0y3LE4B/SBKXGPqRncNTXzfEpnzpTFedX9/0=
 github.com/vmware-labs/reconciler-runtime v0.12.0/go.mod h1:7vyDauuuK6Wd57ZPCY+CLwofdFc6eKOSFRnAkFBa5ik=
-github.com/vmware-tanzu/carvel-imgpkg v0.37.0 h1:A48MpNKHfOgjr2Kl3tD7egm33vdZaB2u9PREPu7Z/rw=
-github.com/vmware-tanzu/carvel-imgpkg v0.37.0/go.mod h1:ImU4bXbFMXa+FTuB72hkn3EfVkD0TVDrHy0HL83laMM=
+github.com/vmware-tanzu/carvel-imgpkg v0.37.1 h1:iWlU85yX8oFEfl4UXm4hHh6v62v8zuChrIqfJ6KqQ2k=
+github.com/vmware-tanzu/carvel-imgpkg v0.37.1/go.mod h1:ImU4bXbFMXa+FTuB72hkn3EfVkD0TVDrHy0HL83laMM=
 github.com/xeipuuv/gojsonpointer v0.0.0-20180127040702-4e3ac2762d5f/go.mod h1:N2zxlSyiKSe5eX1tZViRH5QA0qijqEDrYZiPEAiq3wU=
 github.com/xeipuuv/gojsonreference v0.0.0-20180127040603-bd5ef7bd5415/go.mod h1:GwrjFmJcFw6At/Gs6z4yjiIwzuJ1/+UwLxMQDVQXShQ=
 github.com/xeipuuv/gojsonschema v1.2.0/go.mod h1:anYRn/JVcOK2ZgGU+IjEV4nwlhoK5sQluxsYJ78Id3Y=