It’s “possible” – but might be imprecise – as you need to find a clean and accurate way to break your content – for example by adding “flags” or html comments to denote where to break it – these can easily be deleted by an editor if they don’t understand what they do.
If not, you can programmatically split the content, but you will need to understand where to do this – this is not too complex if it’s just <p>paragraphs</p> but lists or other html tags might end up corrupted. I’d suggest finding a way to make it work with ACF or other custom fields.