It's not, but at that point you're giving up on most of the things Docker was supposed to get you. What about when you need to upgrade a library dependency (but not all of them, just that one)?

I'm not sure what the complication here is. If application code changes, or some dependency changes, you build a new docker image as needed, possibly with an updated Dockerfile as well if that's required. The Dockerfile is part of the application repo and versioned just like everything else in the repo. CICD helps build and push a new image during PRs, or tag creation, just like you would with any application package / artifact. Frequent building and pushing of docker images can over time start taking up space of course but you can take care of that by maybe cleaning out old images from time to time if you can determine they're no longer needed.