A Pixmap contains image data in your main memory. You can change the data of the pixmap and then create a texture of it that you can use.
You can either create a pixmap from an existing file or by defining its size.
Pixmap pixmap = new Pixmap( 32, 32, Format.RGBA8888 );
Pixmap pixmap = new Pixmap(Gdx.files.internal("graphics/test.png"));
There are some methods to draw on pixmaps. (more in the API as allways :P)
pixmap.setColor( 0, 1, 0, 1);
pixmap.fillCircle( 16,16,16 );
pixmap.setColor( 1, 0, 0, 1);
pixmap.drawRectangle( 5,5, 10,10);
After you created a Texture from the Pixmap you probably will not need it anymore. So dispose it right now.