diff --git a/go.mod b/go.mod
index 1fdbf2561de..f7f95351054 100644
--- a/go.mod
+++ b/go.mod
@@ -148,7 +148,7 @@ require (
 	github.com/elastic/go-structform v0.0.10 // indirect
 	github.com/elastic/go-windows v1.0.1 // indirect
 	github.com/elastic/gosigar v0.14.3 // indirect
-	github.com/elastic/opentelemetry-lib v0.4.0 // indirect
+	github.com/elastic/opentelemetry-lib v0.5.0 // indirect
 	github.com/elastic/pkcs8 v1.0.0 // indirect
 	github.com/emicklei/go-restful/v3 v3.11.0 // indirect
 	github.com/evanphx/json-patch v5.6.0+incompatible // indirect
diff --git a/go.sum b/go.sum
index b86ccf76709..8bc74d420f2 100644
--- a/go.sum
+++ b/go.sum
@@ -853,8 +853,8 @@ github.com/elastic/mock-es v0.0.0-20240605193845-b5546a703d6f h1:qo0Nn9G+p7HbG+C
 github.com/elastic/mock-es v0.0.0-20240605193845-b5546a703d6f/go.mod h1:mVdKBYYwt30xRFjCegbcURHh+3LWOCkQM33fgWbUiRI=
 github.com/elastic/opentelemetry-collector-components/processor/elasticinframetricsprocessor v0.3.0 h1:iZrOpSv4X7QIOttTYmfJ73JTlqXa5XxgCXUXw9GEfwM=
 github.com/elastic/opentelemetry-collector-components/processor/elasticinframetricsprocessor v0.3.0/go.mod h1:Z3Bgi98f9RhBNwlaT0ZLSbXQLzaNELyTJREV+v+2KgE=
-github.com/elastic/opentelemetry-lib v0.4.0 h1:e+N00oKXnv8EIXDVjHXPjkxox98JVm1b4kHVMp1NcTA=
-github.com/elastic/opentelemetry-lib v0.4.0/go.mod h1:/kKvHbJLVo/NcKMPHI8/RZKL64fushmnRUzn+arQpjg=
+github.com/elastic/opentelemetry-lib v0.5.0 h1:BT1Koon6lm0zF554NuPtachBBR+26RS9GlCaaMbGIJ8=
+github.com/elastic/opentelemetry-lib v0.5.0/go.mod h1:/kKvHbJLVo/NcKMPHI8/RZKL64fushmnRUzn+arQpjg=
 github.com/elastic/package-spec/v2 v2.6.0/go.mod h1:ks9/FaVOS+vCrGRQcDvXAd2FlmB84mrLikbRiO6ACuk=
 github.com/elastic/pkcs8 v1.0.0 h1:HhitlUKxhN288kcNcYkjW6/ouvuwJWd9ioxpjnD9jVA=
 github.com/elastic/pkcs8 v1.0.0/go.mod h1:ipsZToJfq1MxclVTwpG7U/bgeDtf+0HkUiOxebk95+0=